I am expecting some range trading for the upcoming week, a short from 1.5220 to 1.5012 should be a good trade. But wait for price action at that area before deciding. For a breakout I'm looking for a breakout to the bottom.
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.
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Still waiting for supports to break before initiating shorts.
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Wednesday
Still waiting for supports to break.
Still waiting for supports to break.
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Thursday
Support finally broken, a pullback then short to 1.4835.
Support finally broken, a pullback then short to 1.4835.
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Friday
Still awaiting pullback to short.
Still awaiting pullback to short.
