AUDCHF Forecast January 9013
As discussed last week, now that priced has climbed back above the 0.7400 area, I would buy and TP at resistances, wait for a break, buy at pullback and TP at the next resistance. Rinse and repeat until the 0.7550 area.
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.
Note
Long now for a break of resistance and more longs after pullback to TP at 0.7550Note
WednesdayResistance broken, waiting for pullback to go long targeting 0.7550.
Note
Note
ThursdayTP reached and failed to break. We would see some sideways movement and perhaps a turn here but it's gonna take some days to unfold. Standing aside until a clear next move is seen.
Note
FridayWe are entering a resistance zone, I think price will go sideways from here. Standing aside until direction is clear.
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