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.
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 to in a day if price action tells me so.
TP soon at resistance, then wait for next bias.
The fail at last week's high for the past 2 days turn me neutral for the short term. Wait for a break of resistance before going bullish again.
Support held but price needs to rally today else if support breaks we are in a bear market.
Wait for a retest of 1196, if it fails we are bearish next week.
A test of that resistance will let us know if the trend has changed or not.
I think the trend is still up, wait for a break of that resistance to confirm.