Monday 11th of January

Good morning folks! Hope you’re well.

Turns out, I was sleeping when EUR/AUD presented a potential long entry at 3am. Looking back that’s not a problem, the stop size was 112 pips which is too big for me (I limit myself to 100 pips except on EN and GBP pairs).

Anyway, enough talk, let’s dive into my watchlist

FX Watchlist

EUR/AUD

While Euro Aussie may have presented a valid entry for some, it’s not valid for me so I’ll still be looking to get into a long position if that is possible. For me to do so, we’ll need to see a clear double bottom formation and another script entry.

It’s possible that we shall see exactly that but I also wouldn’t be too surprised if the price decided to fly higher now that we reached this zone.

It’s always a shame to see a trade that nearly fits your plan take off without you, but sticking to your own guns is the way to go,

AUD/JPY

Aussie Yen is another one that is currently “dropping” from an area of interest that I have highlighted many times, this pair didn’t give me a script entry tho. There’s no reason for me to be in this position as of now.

That being said, if AUD/JPY goes back to it’s recent high and forms a clear double top… I’ll be keen to see what happens 🙂

That’s it for today!

Daily book:

Just finished reading Arsene Lupin once again as a more “chill” book, currently reading a book written in the 60s about an American that’s living in Moscow – thought it should be rather interesting, I forgot the name of the book sorry!

I previously mentioned I was going to read Elements of Style to improve my writing, but hot damn, it’s rather dry and definitely reads more like a text book than anything enjoyable.

Daily tweet:

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