AU Hits Supply, USDCHF Could Move Lower

There were some more profits to be had last week and I’ve mentioned a couple trades in a recent post which you can find here. This week I’m AN for a short along with a few other pairs which are on the watchlist. Check out the details below:

AUDNZD – Short

Price has rallied up to supply on the daily chart and has done so with a series of green candles only. This looks for for profit potential. I’ll see if we get a continued move to the downside.

2016-03-13 AN Short.Long D1

CADJPY – Short/Long

Price has moved closer to daily supply for a second touch compressing on the way up. Still watching for a short on an engulf or potential longs if the supply is engulfed.

2016-03-13 CJ Short.Long D1

EURJPY – Short

Price has rallied up strong on EJ and has hit some SR. Price could move down from here but there’s much better looking supply higher up. That one is worth watching for a reaction when price gets up to it.

2016-03-13 EJ Short D1

USDCHF – Short

Price has engulfed  SR that was holding price up and there’s a clear path below. This is worth watching to see if the down move will continue.

2016-03-13 USDCHF Short D1


Detailed Analysis

Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. 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.

Leave a Comment

Want to improve your trading? | Download your free Traders Checklist


Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence