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
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.
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,
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