Consolidation week! My conditions held for 2 of the trades, I guess conditions are kind of like multi directional. But I’m not alone when I do this. People give price targets all the time and say “if this price holds, then we bounce down, if not then we go up”. So my conditions isn’t that bad here, I gave legit reasons. Anyways here are the results, not going to say much for this week/month because it’s midterm season so I’m strapped for time (hence this getting posted so late today).
Mixed – Monthly Chart
Mixed – Weekly Chart
Mixed – Daily Chart
Mixed – H4 Chart
Mixed – H1 Chart
Commentary/Technical forecast: This week was basically consolidation gearing up for the continual run from the past 3-5 weeks of trend. But if you look at my forecasts, I’ve been forecasting these directional changes for the longest fucking time since July! And you should notice on any pair, like EUR/USD, the weeks usually go short, short, long, short, short, long etc. The big trend (direction) is the given and the 3rd week is consolidation basically.
That’s it for this week, see you all next week. GL trading everyone!