Thursday 18th of August

Good morning folks! I hope everyone is well, I have to admit today has been quite a rough day for me, I don’t know I’m just not feeling great, not any sickness or anything just low energy

Glad I pushed myself to workout tho, always feels good once you push through the laziness and get it done.

Let’s dive straight into the watchlist?


FX Watchlist

EUR/USD

Euro Dollar is on my watchlist for a potential short now that we’ve had a clear break of this ascending trendline

I’m waiting to see if the price pulls back into the area of supply or if we just see price drop from here – if we do pullback to the area of supply I wouldn’t be overly surprised to see the EUR/USD go below parity this time

GBP/AUD

Pound Dollar clearly broke a level of demand but is now pulling back into the range which we saw a breakout – it makes me think of a false breakout – they’re usually great at indicating that price will actually go into the other direction, however, since we have an area of interest here that fits quite well with a trendline I’m keeping my eyes open!

Copper

You guys know Copper is on my watchlist and has been for quite a while now!

It’s interesting to see what happens, we had a potential break from the TL, but it appears as if the price may bounce and reach the area I am truly interested in, so let’s be patient, that’s why I don’t trade trendline breaks as they happen, I wait for a confirmation

That’s it for today!

Take care folks!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: