Wednesday 7th of July

Good morning folks, I hope you’re well!

Let’s dive straight into what’s up but before a quick update

I was in CAD/CHF short as many of you know both in my personal account and in my 5ers account.

However, the spread apparently spiked at the pen on Sunday and tagged me out even tho my stop loss was 11 pips higher in my 5ers account.

I am still short in my personal account but those in 5ers both took a bigger loss than expectd due to slippage.

My stop is now at break even.

FX Watchlist

AUD/CHF

Aussie Swiss is rather interesting we saw a clear move higher breaking out of the descending trend line. That being said we also saw news that spiked the price back into the area of demand.

I’m quite interested in it, I’ll admit!

AUD/NZD

Aussie Kiwi is approaching an area of demand as well, let’s be patient and see if it plays out

EUR/GBP

Euro Pound is as usual on my watch 🙂

EUR/NZD

Euro Kiwi was rather clear, we broke the ascending trend line – it reached an area of demand and strongly reacted, that being said, the stop loss would’ve been to big to fit my rules so I stayed out of this long.

Let’s see if there’s a potential reversal

GBP/CAD

Pound Canadian is currently breaking out an ascending trend line, so let’s see what happens – let’s see how today closes and if we have a clear new area of demand

Have a good one folks!

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