Good morning folks, I hope you’re well and had a fantastic weekend!
I’m currently faced with a dilemma, I am forward testing a potential new scale in strategy but I’m unsure if I want to share the results here until the forward test proves itself to be valid, I do not want to encourage people to try something that may not work out, so I won’t be sharing those trades publicly (I’ll still share my original entries and 4hour scale in tho)
Friday gave us the opportunity to take a long set-up from the counter zone that we had on watch for the entire week, so I don’t think there’s much more to explain, but basically – clear counter zone with a valid weekly stack that gave us a good script entry.
It’s currently running in the red but that’s okay, if it reaches my TP it will be a good trade, if it reaches my SL it will remain a good trade.
Aussie Swiss is quite interesting, it’s reached an area of interest, but let us be honest, when we adjust the daily zone to the weekly stack it was just a wick that reached it a few candles ago so I wouldn’t feel too comfortable taking an entry just quite yet.
Ideally we’d see the price go back into the zone to then provide us with a long opportunity at value!
This set-up is extremely similar to NZD/CHF – a clear counter zone with a valid weekly.
Kiwi Yen is worth mentioning since we have just created a new valid area of supply – I don’t think we’ll get a set-up today but it’s valid and it looks good to me (there’s a weekly stack)
Have a wonderful one!