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?
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
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!
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!