Disliked{quote} Anyway, Folks entered some more shorts. Retraces are sell opportunities for me. Trade safe. Cheers. {image}Ignored
I received some PMs with regards to prediction on price movement in the coming week. Well here's the thing, I can never for sure say what will happen but can only go on probabilities and act accordingly when price presents itself at given levels and look at candle closures, for me the 4hr candle is important. We have had a weekly candle close below 1.39000, so this is important in re-affirming my bearish bias. I will be looking for a test of my mid-round number at 1.38500 and a possible retrace back up to my future weekly pivot at 1.38851 ish ( pivots attract ) and overshoot to 1.39000. I will be looking for bearish signals here from a 4 hr perspective. 1.38000 is attainable and day traders will probably look for a target here.
Anything can happen in forex and I take it as it comes.
Trade safe and have a great week Folks.
Cheers.
Trade to trade another day
Wavegarricks short/medium term Trading Pips This Year:
2,928
13