AUDJPY Forecast Jan 30 - Feb 3
The failure at last week's high is not good for longs, but I want to see a break of the 86.40 support to be short. However if resistance breaks, it's definitely up.
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. I'll be using Daily charts from now on, cos that's the TF that I actually use.
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. I'll be using Daily charts from now on, cos that's the TF that I actually use.
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.
Commento:
Wednesday Feb 1
Wait for a test of 85.70 resistance, if it fails, price will fall, if it managed to climb back above, more upmoves.
Wait for a test of 85.70 resistance, if it fails, price will fall, if it managed to climb back above, more upmoves.
Commento:
Thursday Feb 2
Short term price movement unclear.
Short term price movement unclear.
Commento:
Friday Feb 3
I expect price to fall from here.
I expect price to fall from here.
Support broke, now wait for a restest of resistance to go short.