Short bias, minimal pullback complete, keep looking for price to drop to the 112.80 area where a reversal might occur.
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.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look my my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
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.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look my my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
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:
Wednesday
Since support broke, wait for a pullback to short to the next support at 111.35
Since support broke, wait for a pullback to short to the next support at 111.35
Comment:
Thursday
We could be looking at an early stage reversal here, if today price doesn't go down we probably get a confirmed trend change.
We could be looking at an early stage reversal here, if today price doesn't go down we probably get a confirmed trend change.
Comment:
Friday
Trend change confirmed, but short term we may see a test of 113.75 before the bigger upmove.
Trend change confirmed, but short term we may see a test of 113.75 before the bigger upmove.
Still waiting for the downmove to 112.80