I am not sure to be bullish or bearish here, I want to see a break or either support or resistance to decide my bias. I think we may actually go sideways for a while. Structure is still bullish but I am sensing some danger of being bullish for some reason.
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 at 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 at 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
Minimal pullback done, look for further downside movement.
Minimal pullback done, look for further downside movement.
Comment:
Thursday
If price fails to fall today, most likely we really are making a big triangle here, the next move will be big, but we must wait for it patiently.
If price fails to fall today, most likely we really are making a big triangle here, the next move will be big, but we must wait for it patiently.
Comment:
Friday
Price is indeed making a triangle, which means it should fall a little today, if it keeps going up, the uptrend has started.
Price is indeed making a triangle, which means it should fall a little today, if it keeps going up, the uptrend has started.
Comment:
Monday Jan 30
Trend has turned bullish, look for price to go up to 116.50 initially.
Trend has turned bullish, look for price to go up to 116.50 initially.
Comment:
Tuesday Jan 31
Support held, keep looking up
Support held, keep looking up
Support was broken, wait for pullback to short.