Good morning folks! I hope everyone is well!
I’m writing this while totally exhausted, I just completed a 1.5mile run in 10min42 which is my personal record, (yes some of you can definitely go a lot faster than poor old me). I’m really happy with it, not because of the time, but because I literally gave it everything, I only managed to walk 50m before having to lie down on the ground (in the rain). Being able to push to my absolute limit feels good, it’s also a rather strong improvement to my past times, which shows all the consistent work I’ve been putting into my exercise routine is paying off!
Anyway, not here for these stories Max!
Trade Update
USD/SGD -1R
Sadly I come with the news that my USD/SGD scale in resulted in a loss, my main position remains live, however, it’s currently rather deep in the red territory, so we’ll have to see what happens.
It isn’t worthwhile for me to close this position.
Overall, even while taking in account this loss, I’m happy I executed this trade -it fits my plan so there’s nothing else I should’ve done!
With that said, let’s dive into my watchlist
FX Watchlist
EUR/JPY
Euro Yen is currently breaking out of the descending trendline, if we get a clear set-up today or tomorrow I’ll be inclined to execute it, however, if we close today or tomorrow without touching the TL, then I won’t be looking for a short next week, instead I’ll swap my bias to being long
NZD/CAD
Kiwi Canadian remains a clear potential entry for me, a tad far for an entry, so let’s see what happens tomorrow
USD/JPY
Clear daily level, we’ve recently broken the high – which probably enabled us to grab some of the liquidity
USOIL
Worth keeping in check for this level
Gold
(Quite a similar set-up to USD/JPY and a strong correlation)
Take care folks!
Bullish on Coffee - a Forex Trader Blog 