EURGBP Forecast January 9-13
Long bias, very similar to GBPCHF, TP at resistance, wait for break, buy on pullback and target next resistance.
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
First target reached, wait for a pullback and target 0.9050.Note
Note
WednesdayPullback done, at least my long has been triggered. Waiting for the next upmove to 0.9050.
Note
Note
ThursdayStill waiting for the big upmove to happen.
Note
FridayThis waiting is making me old. While I am still bullish, that high on Tuesday will become resistance come next week. If we don't clear that high today, it will be the place for us to TP and wait for a break.
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