Monday 24th of May

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)

Trade Update

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.

FX Watchlist

AUD/CHF

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.

NZD/JPY

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!