AU Rallies Whilst The Yens Fall

The yens have been rallying for some time and we've been short in the members area. There is still room to fall and there are also some potential longs coming up too. Check out the details below:

AUDUSD - Short

AU had an up week and there is supply above. I'll be watching the level to see if there is a reversal.

2017-04-16 AU Short D1


We've shorted this pair a few times since it started falling and it's been doing well. We do have demand coming up so I'll be monitoring PA in case we get a bounce.

2017-04-16 CJ Short D1


We've been short EJ as you'll know from this post where I highlighted a potential turning point and the next good looking daily level is this one below:

2017-04-16 EJ Short D1


UJ has also been on the list for a while and it's all but broken another daily demand level. I'm watching for a continued move to the downside.

2017-04-16 UJ Short D1


Like what you see? Share it 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