Equities made a new high yesterday, but gapped down a bit today and are down slightly. I’ll try to keep that in the back of my mind, but I’m going to take the baskets at face value for the most part.
USD – S/N – This is still ranging, and is down on the day again. I like this just to the low of it’s range, we’ll see if any USD pairs offers a good R:R to those levels
CAD – N – This was up a decent amount today, but has since pulled back to it’s open. I’m nearly at a place where I’d say I’m bullish CAD, but I’m not quite there yet. I’ll revisit this this afternoon, but I don’t want to play it until it breaks out of yesterday’s highs
EUR – N – Price is currently sitting right at the open (though it’s pushed a decent amount higher and lower on the day), and the full candle is within yesterday’s. I don’t love this to either side right now, so I’ll hold off
Today’s Pairs
AUD/USD – Long
AUD/JPY – Long
NZD/USD – Long
NZD/JPY – Long
GBP – N – This technically closed higher yesterday, and is up again today. This is coming off of a clear downtrend starting at the beginning of May, though — so, I’m overall bearish, but it’s not making bearish moves right now, so I’ll hold off until it does again
JPY – S/N – This dropped pretty significantly, and is now sitting on support that’s acted as the bottom of the range it’s been in since late March. If this can push through those levels, it could drop pretty far, but I’ll make sure it’s a clear breakout before I pull any triggers here
AUD – L/N – This is up only slightly on the day, but it broke out of the range it’s been in and made a new high and has since pulled back. Since it’s not up that strong, I’m not super excited about this right now, but I am excited about the fact that’s it’s made new highs. I’ll see what individual charts look like, and potentially place entry orders
NZD – L/N – This is still well within it’s range that it’s been in since late March, but is up a decent amount on the day, and is roughly in the middle of the overall range it’s been in. There could be opportunity to take this long up to the top of the range, so I’ll look for a good R:R on that move
CHF – N – This is sitting on some support right now, and the next level of support isn’t too far away from current price. I don’t think it’s enough room for a trade to be worth it there, so I’ll hold off on CHF