Good morning folks! I hope you’re well.
I’m cheating, I’m actually writing this Sunday night.
I’ve planned a 110km hike for this week where I shall be walking every single morning, hence the want/need to do this blog ahead of time.
I shall be walking from Nice to Sainte Maxime.
It should be a fun journey or a lonely one. Only time will tell, one thing is for sure, I’ll definitely miss the people I’ve met here.
I wonder if I’ll come to look back at this departure as a mistake. I hope not. Only way I know is forward I guess.
Anyway, that’s enough of my ramblings. So here’s a watchlist
We’re currently breaking a zone, the amount of bearish pressure on the pound has been rather strong recently, so it’ll be interesting to see how it reacts tomorrow.
I won’t be waiting for a long time before removing it from my watch
Pound Canadian is showing a little more restraint, we’ve noticed some clear deceleration, is that a sign for a potential reversal? Who knows. I shall be waiting for a clear set-up to take place following my rules. I’m a simple man what can I say
Pound Dollar has also reached an area of demand, with a clear weekly stack, the fact that I have 3 GBP on watch shows that we are at an interesting area of value
(I do not base my trading on the following)
As a cautionary tale we can look at the pound index (BXY) and we’ll notice that the current area is definitely quite an important area.
We’ve got both an area of demand on the daily as well as a strong support and resistance on the weekly chart,
It makes me more comfortable to be looking for a long.
Anyway, that’s not that important for my trading anyway
Dollar Swiss is the last pair on my watch for tomorrow:
It’s presenting an interesting set-up
Take care folks.