Good morning folks! Going to get this one done earlier than usual.
To update you on yesterday watch, I did take AUD/USD scale in – for a loss. So I am currently holding both original entries on AUD/USD and NZD/JPY.
There nothing on my watchlist for today, but I’ll share what I’m looking at for a potential trade towards the end of the week just in case?
Aussie Kiwi is a pair I’ll be eyeing up for a potential long from the area of demand around 1.055. If that area of demand fails, there’s another one a little lower
Euro Aussie is another pair I’m keeping an eye out for – we are slowly approaching a potential area of demand just below 1.6
That area of demand lead to the first push up – that ended up breaking a clear wedge formation and pushed the price nearly 20% higher – which is rather drastic in FX.
Pound Kiwi is also on my watchlist, for both a potential short and a potential long, it will depend on which zone is reached first 🙂 Simple as that
The short set-up has a gorgeous weekly stack, the long has a nice and clear monthly stack.
Yes, this isn’t in the alphabetical order – have to keep some element of surprise! Cad Yen is the last pair I’m being really careful for this week. There’s a potential area of demand where price could explode higher, it fits with an ascending phase line too.
However, it is also possible that we are still stuck within a sideways consolidation.
And as I write this, I realize there’s no weekly or monthly stack anyway. Oh well. I guess I won’t be trading it
That’s it for this week
Book wise I’ve started the Monk who Sold his Ferrari, it’s quite a nice read, while they try to make the story real, it would be a lot more fascinating if it was the views from someone that actually existed. So I may read Jay Shetty (think like a monk) book next or Jesse Itzler (Living with monks)
It’s a good book, but I’m not jumping up and down about it
That being said, I’m starting to really enjoy Scribd.com