Tuesday 2nd of March 2021

Good morning folks! I hope you’re well!

I’m still in Naples, and I still don’t have WiFi within the apartment so I’m mainly being a tourist. Once I have WiFi I’ll do my monthly ASR – talk about my 5ers journey – keep testing my new strategy and share some parts of it.

Enough talk, let’s jump onto my watchlist

FX Watchlist

GBP/USD

Pound Dollar is on my watch for today, we have both a supply and a demand zone close by so it may be worth having a few alerts set. The demand area has a recent weekly stack, however the supply area has a monthly stack that’s quite old.

I’ll be waiting to see how this pair decides to develop, but my guess is that it’ll take some time before moving.

USD/SGD

Dollar to Singapore is the second and last pair I have on my watchlist.

We currently are witnessing a double top on the 4hour chart, which made quite a clear U shape so I’ll be willing to take a trade short from this area of supply.

This zone was formed once we broke out of a corrective leg, however it now appears it was only the first leg of that correction. We could potentially see an additional move lower – it has a weekly stack too so we’re good to go on that side of things

Sorry I’m quite cold writing outside before 9am as you can probably imagine so that’s it for today!

If I missed a pair, please do shoot me a message