Tuesday 6th of September

Good morning folks!

I came across a rather enjoyable podcast yesterday so here I am leaving the link in case you want to have an idea

https://www.joincolossus.com/episodes/85503387/senra-passion-pain?tab=transcript

It’s a podcast with Patrick OShaugnessy and David Senra (the man behind FoundersPodcast)

I didn’t know founders podcast but I’ve added it to my list of podcasts to dive into.

In terms of history podcast I tend to listen to “How to Take Over the World” by Ben (one of the producers from My First Million)

Here’s the link:

https://www.httotw.com/

Founders Podcast will be my new historical/biographical source.

Anyway….


Trade Update

XTI (Oil)

I decided to execute the trade here while I didn’t execute the 4hour entry that was because I didn’t know the correct sizing and we were trading into a small resistance

However, this trade looked rather fantastic to me, we broke above a resistance and filled it into a support, the 50EMA has been flipped and retested (we can see it is a strong area in the recent price action), it also fit with the pivot levels.

All in all, a lot of positive confluence factors to go with the daily zone and retest of the daily trendline


Watchlist

CAD/JPY

Canadian Yen is in a clear area for a potential reversal, we’re currently breaking out of the area but let’s see what happens from here

EUR/AUD

Clear potential area, however, it seems like the price action is headed higher and isn’t interested in retesting our area of interest

That’s it folks

Take care

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