This is my first week after I made a new goal and reached a new milestone in my forex trading. The last forex analysis proved to be a success (for me). And I’ll be doing it again, writing it in this blog, so I can keep track on what strategy I will use for the coming week.
Daily: Downtrend. There is a very clear reversal pinbar.
Weekly: A possible downtrend. Large pinbar favoring downtrend.
Monthly: Uptrend BUT this could be a pullback now or possible trend reversal.
Comments: Be wary trading for the long term because the weekly and monthly signals are not strong enough to risk big. Make downtrend trades (sell) on daily and be careful holding position for too long.
Daily: Trending Downtrend. Reversal confirmed. Be careful of signal expressing uptrend.
Weekly: Downtrend. Very strong indication of downtrend forming.
Monthly: Strong indication of downtrend. Resistance at 1.40575, if this break, downtrend will be for the long term.
Comments: Get into downtrend trades. Take downtrend trades.
Daily: Downtrending. Lookout for reversal signal.
Weekly: A break on resistance. Downtrend confirmed.
Monthly: Downtrend going to resistance at 105.896. Once there. Be wary. But its all downtrend from here.
Comments: Take downtrend trades. Signal is very strong. Resistance at 105.896
Daily: Resistance at 1.12099. Large tail / pin bar signalling trades to take uptrend.
Weekly: Not sure, but downtrend. There’s a large reversal right after the pinbar for uptrend.
Monthly: Downtrend. But a very good signal for uptrend trades.
Comments: Its a very good signal to buy uptrend. But don’t hold the position longer than a week. Weekly is till not clear.
Daily: Large pinbar telling uptrend. Says pullback is finished.
Weekly: Weekly is not clear as to where it wants to go.
Monthly: It is a good day to buy.
Comments: Like EUR/CHF. This is a good buying opportunity. Just be careful holding it for week-long.