Last week I indicated potential longs on some of the pound pairs, and there were a few opportunities to trade which I’ve highlighted in this post. This week EU and GU look to continue they’re rally and AJ is heading towards demand so watch that one for a bounce.
AUDJPY – Long
AJ is heading back towards previous demand and at the moment is leaving red candles as it goes. If it continues to do so, that’ll look good for profit potential. All that would remain is a lower time frame engulf to confirm an entry.
EURUSD – Long
EU rallied higher as anticipated and since the path still looks good above. This is still on the radar for longs
GBPUSD – Long
GU has already given us a nice long and we could have more to come. After the engulf the direction did look bullish. No convincing move was made south and the PA is still looking bearish so the outlook is still long both long and short term at the moment.
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