Thursday 7th of July

Good morning folks! I hope you’re well!

Let’s dive into the watchlist, not only trades for today but also for the next few days.

FX Watchlist

AUD/JPY

Aussie Yen is on my watchlist, I’m waiting to see how price reacts to the ascending trendline and if we have a clear rejection of the area of demand. It’ll be worth waiting for. In any case, we’ll see either a bounce from the trendline or a new area of supply.

GBP/CAD

Pound Canadian is on my watch for a potential long – that being said, this zone dates back to 2013, so it’s an old one, but I’ll still be keen to see if we have a clear break out from there.

This chart is Weekly / Daily

GBP/NZD

Pound Kiwi is on my watch for a potential trendline break / a clear area of demand is there (which is based on a trendline break counter zone) let’s patiently wait and see

GBP/USD

Pound Dollar has reached an area of demand, and the lows from 2020, I’ll patiently wait to see what happens from here on

Gold

Gold is on my watch for a long tomorrow or next week, we have reached an area of demand, broke the recent lows, and may need a reversal. Let’s wait and see

Speak tomorrow!

Take care!