I want to see a test of support or break of resistance to be bullish.
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.
הערה:
Wednesday
Prices climbed back above resistance, so this is very tricky. I prefer to wait for a break of either SR before deciding.
Prices climbed back above resistance, so this is very tricky. I prefer to wait for a break of either SR before deciding.
הערה:
Thursday
Like for most JPY pairs, price is possibly making a triangle, wait for the next big move, it will come, but be patient.
Like for most JPY pairs, price is possibly making a triangle, wait for the next big move, it will come, but be patient.
הערה:
Friday
Price should consolidate with a small downwards bias today while the triangle forms before the next big move next week.
Price should consolidate with a small downwards bias today while the triangle forms before the next big move next week.
הערה:
Monday Jan 30
Trend has changed up, look for initial move to reach 124.60
Trend has changed up, look for initial move to reach 124.60
The fall was very deep, wait for a test of resistance before deciding short bias.