Monday 22nd of February 2021

Good morning folks! Hope you’re well and enjoyed your weekend!

Just to let you guys know, I wrote a blog post this month to celebrate six months of consistent work to bring you my watchlist every morning

You can find it here 🙂 I talk about goal setting, actions, habits etc

On that note, enough talking, let’s jump into my watchlist

FX Watchlist

AUD/NZD

Aussie Kiwi remains on my watch, as per last week, nothing really changed, we’re currently consolidating below the area of supply so it’ll be interesting to see how it plays out.

Will this consolidation give it enough strength to break our two areas of supply or will we get an entry short?

The monthly stack remains gorgeous so I’ll be happy to execute

CAD/JPY

Canadian Dollar Yen is approaching the area of supply that led to a huge drop back in February last year, I’m guessing this area meant something or was the result of quite strong catalyst, so let’s see what institutions do once we reach that level

There’s both weekly and monthly supply as well so I’ll be executing a trade short if we get an entry.

EUR/AUD

Euro Aussie is on my watch for today, actually it’s even on my watch for the next four hour close, I’ll be taking a long if it closes as a script entry (which it currently is giving, but I have to wait for the close to execute)

The zone was quite an old one, however it’s valid, the fact that price went so far down in the zone means we now get a monthly stack, we don’t even have to worry about the weekly stack that wasn’t the prettiest thing ever 🙂

NZD/JPY

I’m keeping my eyes out on Kiwi Yen but I have to say, I’m not the biggest fan of this area, while I see why I have it drawn on my chart from my backtest sessions it’s not the cleanest area.

I’ll be more careful with this one, but the weekly stack is rather gorgeous 🙂

USD/CAD

While the current area of demand isn’t fresh anymore for USD/CAD the area below it remains on my watchlist so I’ll wait and see what / how happens.

If the price is pushed down from here, we could see quite a few stop orders being reached to create some liquidity for a larger push from the other area of demand.

Once again, it has a clear weekly stack.

That’s it for my watchlist, at least it is for today, let’s be patient and only act on the best opportunities we get 🙂

Daily Book

In terms of reading, I’ve started reading the book “The Legend of the Death Race Conquering Life with Courage, Power and Wisdom”

I quite like how applicable endurance sports are to businesses and working on something of your own. The mental game is the same.

Got interested in this book after watching this podcast