Last week we took a short term long trade on EURGBP and entered a long from the USDCAD demand level we looked last week too. We have a few more opportunities this week which are detailed below:
AUDNZD – Short
AN broke through the supply level we looked at last week and has hit the next one up. The arrival looks good so we just need to wait for a reversal.
EURGBP – Long
Price is still heading towards the demand we looked at previously so it’s still on the radar. We’ve had a nice decent so far with red candles so if that continues we may have a long. We did a short term long already but the larger move would be from the demand below:
EURJPY – Short
EJ has made a more convincing move to the south since last week and I still expect a further drop which I imagine would be this week. There could be a few hundred pips in it.
EURUSD – Long/Short
EU is still in between levels and it has it to reach one of the levels at some point and when it does I’ll be watching for the arrival and potentially a reversal.
GBPUSD – Long/Short
GU is pretty much the same as EU at the moment. Until price reaches one the levels, I’m sitting on my hands with this pair.
USDCAD – Long
USDCAD triggered an entry last week so we went long from the daily demand. We’ll monitor the trade and see how it progresses this week.
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