GBPCAD Forecast January 9-13
I see a big drop incoming after a break of that 1.6200 zone. Not much support down there. Should be one of the trades of the week. But wait for the break, not funny to short if the support holds.
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
Support broken, wait for retest of resistance then short to the next support.Note
WednesdayStill waiting for pullback to short.
Note
ThursdayStill no pullback to short.
Note
FridayStill awaiting that pullback.
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