In alignment with my goal being more organised and having a clearer view of my watchlists, I want to post a monthly forecast idea for my watchlists.
They are pretty final now, and those are my 4 watchlists:
I want to post volumes since I have them:
EURUSD
Looking at 3 years of price action:
Looking at the more recent PA:
So for the next month, I'll only be looking for short bets, I do not think the price will break with multi month downwards channel this month.
Not convicing break this is. Out of fuel the trapped bulls are. A fakout I see. Mistaking a textbook ABC for an uptrend they are.
IF price moves very fast and it does break the multi month channel, then I will be looking to buy a pullback in the .382 area.
The downtrend is likely to continue a while, until either a flush (big drop) or the price makes a flat bottom.
USDJPY
Going up...
AUDUSD
Bear Power.
I would need a very good reason to buy...
Dangerous to be a bull. Bears too have to watch out with all these sharp sucker rallies.
"Uh but muh long term low support u are clown". No. Stop. Now. You're hurting yourself. Get help.
And we are below that low are we not? There is still a loooooong way down potentially.
I am eager to short if I see a reversal pattern in one of my fib areas.
USDCAD
And again, this dip is taking longer than expected. Potential momentum shift.
I think it is just going to continue a lame corrective wave.
I am staying away... (Not doing anything is a valid choice. Tbh it's more about the trades you don't take than the ones you take).
USDCHF
In the middle/bottom half of the channel now, slowly going up.
They are pretty final now, and those are my 4 watchlists:
I want to post volumes since I have them:
EURUSD
Looking at 3 years of price action:
Looking at the more recent PA:
So for the next month, I'll only be looking for short bets, I do not think the price will break with multi month downwards channel this month.
Not convicing break this is. Out of fuel the trapped bulls are. A fakout I see. Mistaking a textbook ABC for an uptrend they are.
IF price moves very fast and it does break the multi month channel, then I will be looking to buy a pullback in the .382 area.
The downtrend is likely to continue a while, until either a flush (big drop) or the price makes a flat bottom.
USDJPY
Going up...
AUDUSD
Bear Power.
I would need a very good reason to buy...
Dangerous to be a bull. Bears too have to watch out with all these sharp sucker rallies.
"Uh but muh long term low support u are clown". No. Stop. Now. You're hurting yourself. Get help.
And we are below that low are we not? There is still a loooooong way down potentially.
I am eager to short if I see a reversal pattern in one of my fib areas.
USDCAD
And again, this dip is taking longer than expected. Potential momentum shift.
I think it is just going to continue a lame corrective wave.
I am staying away... (Not doing anything is a valid choice. Tbh it's more about the trades you don't take than the ones you take).
USDCHF
In the middle/bottom half of the channel now, slowly going up.