Wednesday 10th of March

Good morning folks, I hope you’re well!

Not much change on my watchlist today, it’s also my last full day in Naples so will make sure to go out and drink a few more espressos before I fly back to France.

FX Watchlist

CAD/JPY

As per the last few days I’ll be eyeing up Canadian Dollar to the Yen for a potential short reversal, I quite like this area, but it’s only a question of whenever it reaches it and if it gives us an entry signal.

EUR/JPY

While talking about a Yen pair I figured I might as well mention Euro Yen.

I’m not in the original 4hour entry – I had taken it off my watchlist once it clearly broke the area of supply – however it’s been moving sideways around the entry point for quite a while now and that makes me rather intrigued by a potential 4hour scale in opportunity

A break and retest of the 4hour 50EMA would also fit with a break and retest of an ascending phase line – which would be rather interesting.

Let’s wait and see

GBP/JPY

Let’s keep on rolling with the yen pairs, but this time let’s talk about Pound Yen, I think it’s quite promising, or at least could be once we have a clear reversal signal within the area of supply.

Will be interesting to see what happens to the Yen over the next week.

GBP/USD

Pound Dollar hasn’t really moved since the beginning of the week, it’s still moving sideways just above an area of demand – that fits rather nicely with an ascending trend line.

USD/CHF

Dollar Swiss is the last pair I have on watch for the end of the week, doubt it’ll give us an entry for today but it’s worth mentionning.

It’s a shame the reversal didn’t touch the area of supply, it would’ve been a 3% trade had it been in the zone.

Have a wonderful day folks