Last week we saw those yens fall even further as indicated in the previous post. Many pairs still have a way to go and we’ve got opportunities to both go long and short.
AUDCAD – Long
AC has been falling nicely recently and it’s heading to demand. We’ve been monitoring this pair on the private forum and shorted already as it fell from a nice weekly supply. When it hits demand below we’ll see what happens.
AUDUSD – Long
AU has also seen a big drop in price recently and is heading towards a historic demand which has had one touch already. If this doesn’t hold then we’re looking at an engulf and a continued move lower.
CADJPY – Long
CJ broke the demand I’d highlight and continued it’s move lower. Another daily supply has been created and there is also demand much lower. We can trade short down to the demand then look for potential longs.
EURGBP – Short
EG has been breaking higher and it heading up to the supply that we marked up a while back. I’ll be watching to see what happens on return.
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.