Good morning folks! I hope you’re well!
Let’s dive straight into the watch? After all that’s the important stuff, well you could be here only for my daily “good morning folks” but hey, what do I know.
The first pair on watch Euro dollar, we are currently breaking out of the zone we have drawn but we have another one slightly above it that we could reach within the day, it’ll be interesting to see if we get a valid entry there this week.
This set-up as a gorgeous weekly as well as an extremely clear daily set-up.
Kiwi Yen is also worth mentioning – as mentioned yesterday we’ve created a new zone due to the break of the trend line – we are now in a position of retesting that area of supply, let’s see if it gets reached and if we are provided with a valid entry.
I have adjusted the size of the area so that it fits with the weekly stack, we still have quite a few pips for the price to reach it.
While Dollar Canadian has been in a bearish trend for so long, we are approaching an area of interest, the zone dates back to 2015, long time no see eh!
It is rather interesting knowing that WTI Crude Oil is currently in an area of supply, I don’t trade it, however if it was an FX pair it would be at the top of my watchlist.
Knowing that – and the correlation between it and USD/CAD it’s worth noting we may get a good opportunity for a long on U/C this week! Time will tell!
Dollar Swiss is approaching a counter zone – let’s see what happens when it does reach it, it does have a nice weekly stack so we’ll be sure to execute on it 🙂
That’s it for today, have a lovely one folks!