Thursday 17th of June

Good morning folks!

Some movements in the market yesterday, love it.

Let’s start with a trade update:

Trade Update

USD/SGD +2R

We’ve reached my take profit so happy about that – however, I came to realise today that my scale in had been taken out for a loss due to the spread a few days ago sadly.

So +3R for the original position and -1R for the scale in

Would take the same position over and over again. Happy with it.

FX Watchlist

We had some serious movement in the charts yesterday so here’s my 4 pairs on watch for today & tomorrow (well, I’m going to be driving to the south of France tomorrow so won’t be in front of charts)

CHF/JPY

Swiss Yen has broken out of the ascending trendline, I believe this pair could give us a fantastic entry tomorrow or next week, so it’s definitely on top of my watch for now.

It’s a rather clear trend line break after a strong move higher, all in all, I love it 🙂 Oh and there’s already a valid weekly stack so we’re good on that side of things as well.

EUR/USD

Euro USD dropped quite a fair amount yesterday so that’s cool, it brought it to an area of demand I’m interested in 🙂

That being said, I’ve just realised there’s no higher time frame stack for a long from this area so I won’t be executing from it.

That’s the proof that going over your watchlist an hour afterwards and checking it makes sense is valuable!

USD/CHF

Dollar Swiss is approaching an area of demand (I’ve adjusted the zone so that it fits with the higher time frame stack, hence why it begins a little higher than you may have it.

Let’s see how it goes 🙂

USD/JPY

Dollar Yen is one of the prettiest daily charts we’ve seen however the monthly is slightly above the zone so let’s wait and see if we can get a push into the monthly stack.

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