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
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!
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.
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!
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
Kiwi Canadian is currently breaking out of its descending trendline, let’s see what happens once we reach the previous area of supply.
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
Dollar Canadian is also on my watchlist for a potential short
That’s it for today folks!
Take care 🙂