Wednesday 19th of January

Good morning folks! I hope you’re well!

Hope all is well with you guys!

Trade Update

AUD/CAD Long

I executed a long on AUD/CAD since we reached the daily area of demand and then closed inside (above the daily level) the weekly zone, which made it valid for me. It’s definitely not the cleanest set-up however, the opportunity was there so I had to execute it.

Let’s see what happens, I’m not in a scale in so far.

FX Watchlist

AUD/JPY

I am keeping my eyes on this one for a potential move higher into the area of supply

AUD/USD

The long remains a potential play here, it remains a complex set-up tho

EUR/GBP

While it’s true that the recent impulsive move lower into a reversal is interesting. this area has already been tested by previous price action, I would prefer to see even lower prices before executing a long here

GBP/AUD

A slight move higher and then I’ll look for shorts

USD/JPY

We saw the price pullback closer to the area of supply yesterday after breaking the ascending trendline, I’ll be keen to see what else happens 🙂 I’ll be waiting for the zone to be reached before executing a short tho