Good morning folks! Hope all is well 🙂
To keep you updated on my GBP/CHF position, the 1hour scale in was stopped out for -1R, I’m not too surprised, the price did reject the ascending trend line and the 50EMA. I took the trade to remain as mechanical as possible, in the future I may respect what the chart was telling me.
Anyway, enough talk 🙂 Let’s have a look at my watch
Aussie Kiwi dropped before reaching the area of interest, that’s actually great for me, I wasn’t looking to take it as it was before due to how slanted it was – now that we saw some clear price action and a drop I’m rather keen – a clear double top would be gorgeous in my view.
Euro Swiss is still in the area of interest for me, the 50EMA has been respected so far however if we have a clear break higher I’ll still be interested for a trade to the downside.
Kiwi Yen is moving towards the supply zone, let’s wait and see what happens once it reaches it. For those wondering why I didn’t take the long, it’s because I couldn’t adapt the daily to fit with the weekly zone. I may have been a bit too strict.
Between GBP/CHF 1 h scale in and NZD/CAD I think I was relying a bit too much on my rules, I didn’t allow myself any discretion. It may be something worth looking into.
Dollar Cad is starting to approach the area of demand – we’ll see what happens 🙂
Dollar Yen is also approaching the area of demand, we’ll see 🙂