Thursday 14th of January 2021

Good morning folks! Hope all is well!

Before we dive into our daily watchlist, I figured I probably should update you with my GBPCHF trade that I took yesterday from our watch.

A short entry presented itself within the area of supply so I executed it. I’m happy with it, it fits my trading plan and is classified as a V entry. Let’s see how it plays out.

I shall be looking to take a 1hour scale in and 4hour scale over the next few days.

FX Watchlist

GBP/JPY

Pound Yen is a currency pair I’ll keep my eyes on for the next week or two – we are now in the middle between two areas of interest, one for a long position (a counter zone that was created with yesterday’s push higher) and a short position that was created back in Feb. 2020.

The price has a 300 pip range before reaching one of the areas I am interested in, that type of volatility can easily be done in a day or two, it’ll be worth keeping our eyes out.

AUD/NZD

Aussie Kiwi is also approaching a clear area of interest – slowly but surely, we only have to wait. The area of supply was created by a counter zone back in October, so let’s see what happens once we reach it.

I have included AN to my watchlist only because I haven’t mentioned it recently, I doubt an entry will present itself today or tomorrow.

USD/CHF

Dollar Swiss is a pair I’ll be looking for a potential long once the recent low is retested, while it’s not the prettiest trend line break, and therefore not the cleanest area of demand, I believe this one does exist.

I shall be looking to take a position once we have a clear double bottom and an entry signal.

Daily Tweet

Something worth considering:

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