CADJPY Forecast Jan 30 - Feb 3
The failure at the 87.70 resistance is hinting that things may turn down. However a break of 87.03 is needed to have a bearish bias. But currently things are still bullish so no need to be bearish until things turn.
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
Picture is very unclear to me right now, waiting for more PA.
Picture is very unclear to me right now, waiting for more PA.
Commento:
Thursday Feb 2
Still waiting.
Still waiting.
Commento:
Friday Feb 3
Like most JPY pairs, it seems price will fall
Like most JPY pairs, it seems price will fall
Support indeed broke, wait for the pullback to short.