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.
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.
GBPUSD – Long
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.
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