Good morning folks! I hope you’re well and had an amazing weekend!
I definitely did, got to spend a lot of time with friends so that felt rather amazing I’ll be the first to admit it!
Was also able to look into two projects (crypto related) that I think could be quite interesting:
Aztec Protocol: https://aztec.network/ (basically a private layer 2 on ETH)
Immutable X https://www.immutable.com/ (basically a layer 2 for NFT on ETH, but the value I see is the potential link with the gaming ecosystem)
Oh and Orca, basically DYDX on Solana – could be interesting.
Anyway, you’re not here for crypto ideas (also, I’m not yet invested in those projects, still in the initial stages of my research) so …
Aussie Canadian is forming a double bottom, it’s even reached the area of demand, however I’ll be waiting for the price to re-enter it before looking for a long opportunity.
Canadian Swiss is interesting, we’re breaking out of the descending trend line but approaching an area of supply so let’s see what happens once we reach it! The weekly is definitely rather gorgeous 🙂
Swiss Yen is scaring me a bit for my EUR/JPY position I’ll be the first to admit – we’ve reached the daily 50EMA, a descending trend line and an area of supply. All in all, a lot of confluence indicating a potential reversal. Which is not something I love to hear when I am long EUR/JPY 🙂
Let’s wait and see if we get a short opportunity!
Dollar Yen is in a similar area to Swiss Yen, well, kinda. We’ve reached an area of supply, so let’s be patient and see what we get, it’ll be interesting I’m telling you 😀
All in all, it’s an interesting market to be in at the moment!
Let’s be patient, not rush anything and just execute valid set-ups