Aussie At Supply, Potential Bounce on GU

This week I’m watching the aussie as well as GU and a few of the others I’m still waiting for movement on the EJ and GJ. Check out the details and video below:

AUDNZD – Short

AN has rallied higher into the supply level instead of breaking the DP marked in purple below. If it continues to rally then we can expect an engulf to the upside for a long. As I mentioned last week, if that DP breaks then shorts could be in play. I’ll be monitoring price action.

2016-03-27 AN Short D1

AUDUSD – Short

AU is coming from supply and has a DP just below it. If the DP is engulfed then we could have a short trade on. The path below it looks clear with a series of green candles so we’ll see what happens.

2016-03-27 AU Short D1


GU saw a rather large drop last week and we’ve got demand below so a long could be in play if we see the right PA.

2016-03-27 GU Long 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