CADJPY Forecast January 9-13
Very tricky as the top zone we are at now is a zone of big resistance. I would wait for a big break to the upside before going long on a pullback. Else if price start going sideways A drop might be coming.
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.
Commento:
The resistance zone proved too much to handle. But I'm still on the sidelines until that support breaks.
Commento:
Wednesday
Still sidelines until support breaks.
Still sidelines until support breaks.
Commento:
Thursday
Price still stuck in a range. Waiting for a clear directional bias.
Price still stuck in a range. Waiting for a clear directional bias.
Commento:
Friday
Still awaiting a break of support for a clear direction.
Still awaiting a break of support for a clear direction.
