Keep looking up, no signs of change of direction yet.
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
The fail at last week's high for the past 2 days turn me neutral for the short term. Wait for a break of resistance before going bullish again.
The fail at last week's high for the past 2 days turn me neutral for the short term. Wait for a break of resistance before going bullish again.
Comment:
Thursday
Support held but price needs to rally today else if support breaks we are in a bear market.
Support held but price needs to rally today else if support breaks we are in a bear market.
Comment:
Friday
Wait for a retest of 1196, if it fails we are bearish next week.
Wait for a retest of 1196, if it fails we are bearish next week.
Comment:
Monday Jan 30
A test of that resistance will let us know if the trend has changed or not.
A test of that resistance will let us know if the trend has changed or not.
Comment:
Tuesday Jan 31
I think the trend is still up, wait for a break of that resistance to confirm.
I think the trend is still up, wait for a break of that resistance to confirm.
TP soon at resistance, then wait for next bias.