Friday 3rd of September

Good morning folks! Hope you’re having a fantastic day and have a few exciting plans for this weekend!

I am currently in the process of transferring my personal account from a European based entity to one in the Seychelles to have access to more leverage (the issue with leverage is that it stopped me from taking a few scale ins which would’ve netted a rather large profit over the last few days).

That means I’m not able to take trades in my personal account for a week or so, only in my investors account so that’s fine – I’m not too worried about that and it looks like we could have a busy second half of September so I’m remaining on my toes!

Anyway, enough talk, let’s share the watchlist

FX Watchlist

AUD/JPY

Aussie Yen is on my watch for a potential trade – while it’s providing us a rather nice set-up on the daily chart, I’m not the biggest fan of the 4hour price action, the move to the zone has been slanted so I’ll be staying out of this trade if we get an entry.

While I’m slightly angry at myself for missing the long trade, that’s part of life, there’s not much I can do about it sadly – just have to accept it and keep moving.

EUR/AUD

Euro Aussie is also on my watchlist, we’ve just reached the area of demand so that’s quite fun! Let’s see what happens from there on.

I’m currently not the biggest fan of the price action, it was a bit too slow, however, if we see a clear move lower to reach the TL and then a script entry – I’d be willing to take the trade since it would require a clear push lower.

Holy Shitttttt

Trade Update

EUR/NZD

While going through my pairs to make sure I wasn’t missing anything on my watchlist I saw EUR’NZD had given a valid entry yesterday – I had disregarded it due to the amount of time the price had gone sideways over the last couple of days but this had a clear push lower before giving an entry…

We have a clear weekly stack, a clear daily counter zone, you can argue that the 4hour is quite slanted, but in my view it’s more in the shape of a staircase, impulse correction x3 and we are currently either in a correction or the price will bounce back up (oh and the 1hour formed a double bottom)

Only time will tell