Monday 25th of July

Good morning folks! I hope you’re well and had a fantastic weekend!

I managed to sneak in some work on top of being social and getting my workouts done. All in all, I’m very happy.

I also finished reading Memoirs of Hadrian

https://www.goodreads.com/book/show/12172.Memoirs_of_Hadrian

While I’ll admit I wasn’t sure what to expect (warning, it’s not the same format as Meditations by Marcus Aurelius) I still really enjoyed it!

Anyway, enough of that stuff, let’s dive into my watchlist!

Watchlist

AUD/JPY

Aussie Yen is on my watchlist for a potential long, I’ll want to see it reach the area of demand first, which actually fits rather well with the ascending trendline, giving us a second factor of confluence, which is always appreciated!

If price keeps pushing higher, it’ll be interesting to see if we create a new area of supply before doing so.

EUR/CHF

Euro Yen is on my watchlist for a potential trade today, if you read Friday’s post, you’ll remember I said I don’t really love this trendline since it’s mainly a phase line, we haven’t really seen any pullbacks or any real development for a sustainable price trend.

That being said, it still fits my rules for now, so we’ll see, it’s possible I’ll execute a trade on it today!

EUR/JPY

Euro Yen is currently bouncing off the previous trendline + area of supply, I’ll be looking for a 1hour pivot position once it fits my rules, it doesn’t yet so I have no order in the market

NZD/CAD

Kiwi Canadian is currently breaking out of its descending trendline, let’s see what happens once we reach the previous area of supply.

NZD/USD

Kiwi Dollar has broken out and we have a new area of demand created thanks to it, all in all it looks good for a long position if we have a pullback to that level