In last weeks outlook, longs were the main order of the day and for a number of pairs this is still the case. This week we’ll review them as well as look at some more opportunities that have presented themselves.
AUDJPY – Long
AJ has been falling for some time now and fell quite heavily towards the end of the last week. It’s heading towards demand on the daily so if it continues with red candles only we’ll look for a reversal.
EURAUD – Long
EA has rallied further and created another demand so this is worth watching especially as the Euro seems to be on the up.
EURUSD – Short
EU has rallied strong and is heading towards supply I’ve had marked up since earlier this year. Whilst I’m already long this pair using a different method with a much higher target, I’ll still be watching this level. for a potential bounce.
GBPJPY – Short
The supply level on the daily has been holding for sometime now and price gave way last week. I’ll be watching for a continued move to the downside if we get it.
The Bigger Picture
Check out the following monthly charts for the bigger picture. The video further down goes into more detail.
AUDJPY – Long
EURUSD – Long
GBPCAD – Short
Members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.