Monday 6th of June

Good morning folks! I trust you had an amazing weekend!

FX Trade Update

I believe I haven’t shared the two trades I executed last friday, so let’s see what happens.

AUD/CAD

Aussie Canadian short is a trade I executed on Friday (I moved my stop to breakeven this morning)

We saw a lot of sideways price action just below the area of supply – which made me hesitate a bit since it mainly meant that we were grabbing the highs to get some liquidity before a reversal.

We’ve now reached the area of support, so looking forward to seeing the end result.

GBP/AUD

Pound Aussie was a long I executed on friday, I believe at the same time as the AUD/CAD position, we saw a clear move into the area of supply and a retest of the descending trendline, all in all, it was as expected.

I was happy with the set-up, I am happy with the execution.

https://www.tradingview.com/x/RZjpaBpj/

---

FX Watchlist

EUR/AUD

Clear area for a potential reversal – we saw a break of the ascending trendline

https://www.tradingview.com/x/inrlDDzv/

EUR/CAD

Waiting on price to reach this area of demand

https://www.tradingview.com/x/WbGFRhhb/

EUR/JPY

Clear area of supply. we’ve currently broken it, however it remains of interest to me

https://www.tradingview.com/x/yDujCE5E/

GBP/CAD

Pound Canadian broke the area of interest but is currently offering us a reversal, I’ll wait for the close to confirm the trade on the next 4hour close.

https://www.tradingview.com/x/DbdrS6QK/

GBP/NZD

Pound Kiwi is forming a potential area of supply, I’m unsure how I feel about it, it didn’t show any strong movement from there and it had more or less broken the area of the trendline, so I’m a bit hesitant there

https://www.tradingview.com/x/hHhYAetB/

USD/JPY

Dollar Yen is interesting, we’re in the zone, I doubt we’ll get a valid script entry, but keeping my eyes on it for an entry tomorrow

https://www.tradingview.com/x/K02O039o/

Take care folks!

Sorry for the low quality of images, I’m unsure why that happened today again