Monday 28th of December

Good morning folks! Hope you all had a fantastic Christmas or whatever it is you celebrate 🙂

But lets jump straight into it?

FX Watchlist

AUD/CHF

Aussie Swiss remains on our watch for a potential short today. While the set-up hasn’t really changed, I just want to point out that I am interested in two area for potential shorts, once being just above the other one.

Will have to wait and see if we get a script entry that fits my criteria once the zones are reached

EUR/AUD

Euro Aussie is also worth mentionning even tho we do not yet see the area of demand on the 4hour chart, there is still some room before we reach it, on the daily it appears that we are rather close to it.

I’ll be looking for a potential long on EUR/AUD for this week, but will wait until I get an entry that fits my trading plan before taking a position on this pair

GBP/CHF

Pound Swiss is the second swiss pair I’ll be eyeing up for a potential short today, take that as you may. The area I’ll be looking to use as an area of supply will be the same as the previous two.

The fact that this level has already served as a area of supply twice, in the recent past, doesn’t put me off the trade, I’m not saying to myself that I won’t be taking it because there’s probably a lot less orders there.

The truth is, the price is currently ranging between 1.22 and 1.16 for nearly the entire year we didn’t see much direction, except this sideways action. I’ll be willing to take a short if an entry that fits my trading plan is there. There’s also a weekly stack.

Daily Book

Over the last few days I’ve read a couple of books, but I’m currently reading Dune, a science fiction book, I heard Tim Ferris mention it on his podcast and figured I could give it a try.

So far so good, there’s some nice quotes in it already, I’m going to take my time with it tho.

That being said, I would definitely recommend you checking out the podcast Tim Ferris did in December there’s 3 of the best ones he’s done I’d say!

They are all three worth listening to in my opinion 🙂

Daily Tweet

Most books could have been a paragraph.

This is a paragraph that could have been a book.

Worth reading slowly. pic.twitter.com/TPxvJtcSDy

— George Mack (@george__mack) December 26, 2020