Friday 20th of May

Good morning folks! I hope everyone is well

Quite a few pairs are on my watch today, so let’s have a look! I hope you guys didn’t mind me not mentioning any yesterday, but figured 3 trades recap ought to do the job!

Let’s dive straight into it?

FX Watchlist

AUD/CHF

Aussie Swiss is on my watchlist for a potential trade today or Monday. Once we have a clear break of the trendline we’ll also create a new area of supply so it’ll be an interesting pair to keep my eyes on

CAD/CHF

Canadian swiss has recently broken an ascending trendline giving us a rather clear area of supply – we are getting a lot closer to an area of demand tho, that fits perfectly with the trendline. I expect it to be rather good!

GBP/AUD

Pound Aussie has spent the majority of the month going sideways, however, due to the share amount of time it’s spent going sideways I believe it has validated the creation of a new area of supply due to the trendline break

USD/CHF

Dollar Swiss is also on my mind, while I’m not expecting a set-up to happen any time soon I just wanted to share the chart since it is a rather clear set-up to me

USD/JPY

Dollar Yen has been on my watchlist for a decent amount of time now, it’s just a question of when will we reach an area of interest?

Gold

XAU/USD is also on my watchlist for a potential short term play based on pivots, EMA, a previous high retest, and a fib retracement.

Take care folks!

That’s it from me for today! Have a nice weekend!