Wednesday 17th of February

Good morning folks, hope all is well with you!

Let’s jump straight into my daily watch?

FX Watchlist

AUD/CHF

Aussie Swiss is approaching an area of interest for me but as mentioned previously it’s taking its time to get there, we are in no rush 🙂

GBP/JPY

Figured I might as well mention GBP/JPY. This zone is actually not valid per my rules since there’s 6 imbalances however, the area and value is so obvious to me I’ll be keeping my eyes out on this pair for the next while to see what happens

GBP/USD

Pound Dollar started to move lower once it reached the area of supply, so I’m currently waiting to see if it will give us a double top formation to enter a short position. If it doesn’t give us an entry that’s okay, the zone played out at least.

USD/CAD

We had a clear move higher from the area of demand on USD/CAD as I had expected, I’m just waiting to see if we get a double bottom formation or not.

Quite sad about this one, the second bullish imbalance from the zone was a script entry up to the last 10seconds of the candle. It didn’t close as one tho so I didn’t execute my long position.

USD/SGD

Dollar yen is on my watch for a potential short opportunity, we saw a clear break of a structure line and we are currently moving to retest it, if we do and have a clear script entry I’ll look for a short

That’s it for my watch!

Have a great one folks.

P.S. Been working on developing two new strategies for the last few weeks so that why I don’t spend as much time talking about the set-ups here.