Happy new month! Pinch Punch, first day of the month and no returns & all that sort of things.
Let’s dive straight into the trade update (I am out of AUD/USD for BE)
Trade Update
AUD/USD Short 0R

I executed a short on Australian Dollar / Dollar to look form a potential 3:1. Once the price reached 2R I moved my stop to breakeven. I expected a pullback to reach the ascending trendline and the 50EMA however it closed above on a daily which gave it enough strength to remain bullish. Hence I’m happy with a break even trade.
FX Watchlist
AUD/NZD
Aussie Kiwi recently broke an ascending trendline so I’m keen to see how it will react to the area of supply it recently created

GBP/AUD
Pound Aussie is dropping like a stone and approaching an area of demand, let’s be patient and see what happens once we reach it

GBP/USD
Similarly to GBP/AUD we saw a strong leg lower, however we’re already witnessing some buy pressure on this pair so let’s see if it makes it to the area of demand

USD/CHF
Dollar Swiss has been more or less everywhere recently, but it looks as if it’s going to test an area of demand. Let’s see what happens

USD/SGD
I want to mention Dollar Singapore since we created a new area of demand

Stay safe folks!