Good day everyone,
I am leaving for holiday on Sunday night. So will give an update before I leave. However, I will still continue to give my updates everyday.
Last week, was a sad week for me as market did not move in accordance to my trading plan. However, it is still alright as long as the losses are well managed.
Looking at last week formation, this week we are certain that market is turning down. Probably one thing that was overlook is that market is just doing a small correction last week.
I would favour picking short around 1.4200 - 1.4250. Market should be resisted at 1.4250, therefore a SL above 1.4250 will be good. Expected bottom to reach about 1.3850.
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