Hello Fellas,
See below my Monday weekly forecast:
"I wish to see the EUR/USD continue its last week bullish trend direction until it hit the new height of 1.10248 or around that region before an actual reversal. This will apply for other currency pairs in peculiar trend direction".
"Therefore, I will keep a EUR/USD long(Buy) position until perhaps tomorrow before i will go short(Sell). At that time I should be able to forecast this weeks target which certainly will end on a bearish note".
Then on Tuesday below was my blog post:
"For the EUR/USD, market yesterday experienced very intense resistance on the Bullish Trend.
Well, I don't hope to back from my Long(BUY) positions. I TELL YOU, THAT RESISTANCE WILL BE BROKEN TODAY."
My market analysis today:
Note; as at the time i was writing this post THAT RESISTANCE HAVE BEEN BROKEN ON TUESDAY, EUR/USD was trading at the price of 1.09498, showing my forecast is playing out. I should be excited seeing the market go my way because my Long(BUY) position is still on, but I am not, because the cable (GBP/USD) is trading relatively opposite these trends.(The truth is I want more profit but the cable is deeping on it)
Well, I will still keep my hopes on for the price to hit my early forecast of 1.10248 or around that region later today. But remember the week maybe seeing a bearish turn by Thursday - That means you can close out your profits today or wait a little for signs.
I wish you all the best.
See beyond failure, for there lies success!
Chidi-James
See below my Monday weekly forecast:
"I wish to see the EUR/USD continue its last week bullish trend direction until it hit the new height of 1.10248 or around that region before an actual reversal. This will apply for other currency pairs in peculiar trend direction".
"Therefore, I will keep a EUR/USD long(Buy) position until perhaps tomorrow before i will go short(Sell). At that time I should be able to forecast this weeks target which certainly will end on a bearish note".
Then on Tuesday below was my blog post:
"For the EUR/USD, market yesterday experienced very intense resistance on the Bullish Trend.
Well, I don't hope to back from my Long(BUY) positions. I TELL YOU, THAT RESISTANCE WILL BE BROKEN TODAY."
My market analysis today:
Note; as at the time i was writing this post THAT RESISTANCE HAVE BEEN BROKEN ON TUESDAY, EUR/USD was trading at the price of 1.09498, showing my forecast is playing out. I should be excited seeing the market go my way because my Long(BUY) position is still on, but I am not, because the cable (GBP/USD) is trading relatively opposite these trends.(The truth is I want more profit but the cable is deeping on it)
Well, I will still keep my hopes on for the price to hit my early forecast of 1.10248 or around that region later today. But remember the week maybe seeing a bearish turn by Thursday - That means you can close out your profits today or wait a little for signs.
I wish you all the best.
See beyond failure, for there lies success!
Chidi-James