Monday 21st of February

Good morning folks! I hope you’re well and got to enjoy your weekend.

I was stuck indoors having tested positive on Friday. Really wish I had gone for a hike but… I believe we have rights and duties, so respected the latter.

Anyway, you’re not here to listen to my entire medical history or my philosophy on rights & duties – you’re missing out by the way!

FX Watchlist

AUD/USD

We are approaching a daily area of supply so I’m keeping my eyes on it in case we’ll get to see a clear rejection of that level. Patience my friends is all we need!

EUR/NZD

I personally believe (and have data to back this statement up) that trades, where the price action has gone sideways for over 24hours prior to my entry, have a lower strike rate and average return.

Hence I’m willing to miss this trade if we do not see a clear move lower and then an entry set-up. Let’s be patient but, I’m not liking it much atm

GBP/NZD

Pound Kiwi is breaking out of the ascending trend line let’s see what happens

GBP/USD

Clear potential move higher, we’ve formed two equal highs so I wouldn’t be surprised if we saw a move higher into the area of demand. Let’s see how it goes

USD/JPY

We’ve recently broken a short-term trendline and are approaching a longer term trend line, let’s be patient and see how things go

Currently developing a lower timeframe strategy as well!

Will let you know how it goes