I am bearish and would like to sell at that 118.65 top, else wait for a break of initially 116.55 and short on pullbacks.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.
Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.
Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
Comment:
Since support was broken I will be looking to sell at those resistances and targeting 114.72 initially and wait for that support to break to short more. However I would not rule out a test of the 118.65 high where I will still short.
Comment:
Wednesday
Nothing has changed, Still looking for a bearish move to begin. Any resistance is a good place to short this pair.
Nothing has changed, Still looking for a bearish move to begin. Any resistance is a good place to short this pair.
Comment:
Thursday
The fall has reached the minimum target of 115.10, but was rejected. Waiting for a break of 115.10 support before initiating for shorts.
The fall has reached the minimum target of 115.10, but was rejected. Waiting for a break of 115.10 support before initiating for shorts.
Comment:
Friday
Support broken, waiting for a pullback to the 115.07 resistance to short to that 112.86 support.
Support broken, waiting for a pullback to the 115.07 resistance to short to that 112.86 support.
