We’ve had a number of shorts recently as you will have have noticed and the tide may be turning a little, on some pairs at least. We have a few setups coming up that could be good for both long and short term moves in the market so continue reading below for more details.
AUDCAD – Long/Short
AC has dropped into demand after falling heavily for 3 days. We have strong red candles coming into the zone which looks good for profit potential so we’ll how price reacts when the markets reopen. If the level is engulfed then there could be chance to short given that there’s a little profit zone below too.
CADJPY – Long
Price has long left the demand zone on the daily that we were looking at a few weeks ago here, but there’s still room for price to head up to the next levels if you didn’t manage to get in earlier. I’ll be watching PA on the lower time frames to confirm entries.
EURCAD – Long/Short
Like AC, EC had a sharp fall towards the end of last week. If price continues to fall in this fashion and hits the demand level below then we could have a potential long trade. Failing that, there is a profit zone below so if there’s an engulf there could be a short trade on down through it. PA which us which way to go.
GBPJPY – Long
GJ is one of the pairs that’s been falling heavily recently and last week it hit a potential turning point. If it does rally from here it could be a big one so there’s long and short term potential on this one.
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.