Thursday 28th of January 2021

Good morning folks! Some movement in the market over the last few days, but no entries so far.

NZD/JPY a pair that was on watch yesterday for a potential short dropped just before reaching the zone – so I didn’t take it.

Anyway, enough talk, let’s dive into what I’m eyeing up for today

FX Watchlist

CAD/CHF

Cad Swiss is a pair I’ll be eyeing up for a potential long today, we are approaching an area of demand (the daily demand looks strange that’s because I have adjusted it to fit my higher time frame stack.
While we area reaching an area of demand we are also getting close to a trendline which already has 4 rejections, we may see the 5th, or a clear break lower which would create a gorgeous counter zone.

Whatever happens, remain patient and execute your plan.

GBP/JPY

Pound Yen is the second pair on my watch, it hasn’t really moved since yesterday so the reasoning remains the exact same – this zone is valid but so are the other two so waiting to see which one will give me an entry to go short.

Those are the two pairs that I believe could give us an entry today. Let’s see what happens,

Daily Book

Reading Laws of Human Nature, it’s a very big book, so it’s going to take me a while to finish it, expect to see it mentioned here quite a few times 🙂 May sneak a book or two in-between tho

Daily Tweet

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