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