Wednesday 5th of May

Good morning folks! I hope you’re well 🙂

Rather busy days to be honest. Took another trade so let’s dive into it.

Trade Update.

NZD/JPY gave us an entry over night, it’s valid, it’s a clear break and retest of the 4hour 50EMA – that being said, it did reject the ascending phase line which makes me feel a bit more hesitant.

I personally decided to take the position due to how clear the daily and clear 4hour ascending channel – it’s a risk, we’ve seen a rejection so we could actually have a move higher rather than a drop.

Time will tell.

Daily Watchlist

GBP/JPY

Pound Yen is on my watch, but once again it needs to go a little higher for me to be interested, I want it to reach the previous highs.

That being said, I’d be more than happy to see the Yen gain a lot of strength and have NZD/JPY & EUR/JPY drop strangely enough 🙂

We don’t have a weekly stack on this one, we do however have a monthly stack so I’m happy with that 🙂

CAD/CHF

Canadian Swiss is still on my watch don’t worry, I just wanted to trick you guys by starting with the Pound pair 🙂

It’s still going to take a while before the zone is reached I believe, so let’s just be patient 🙂

That’s it for today 🙂