Thursday 21st of January 2021

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

FX Watchlist

AUD/NZD

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.

EUR/CHF

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.

NZD/JPY

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.

USD/CAD

Dollar Cad is starting to approach the area of demand – we’ll see what happens 🙂

USD/JPY

Dollar Yen is also approaching the area of demand, we’ll see 🙂