Tuesday 11th of May

Good morning folks, I hope you’re well!

Trying to find things to share on my watch today but seems like a rather chill day that will be focused on backtesting

FX Watchlist

EUR/USD

While it reached the area of supply I am interested in yesterday and then moved lower without giving us an entry opportunity, it’s worth noting that it may form a double top, time will tell 🙂

GBP/JPY

Pound Yen broke slightly above the area of supply I was looking at for a potential short and is now stalling, I’m okay with it stalling for 24hours, but I know how my script is coded and I doubt I’ll get an entry sadly.

GBP/USD

Pound Dollar is also worth mention – we reached the area of supply, let’s see what happens now! We still have quite a lot of room inside the zone so it may head higher before reversing.

USD/CAD

Dollar Canadian has spent too much time going sideways for me to be interested in a long opportunity sadly.

Have a good one folks!