So last week we were looking at a number of Euro pairs and all rallied as expected. Whilst I didn’t manage to enter them all, I did get some Euro action. This week I’m watching a few Aussie pairs for longer term trades and the ones to watch are AJ and AN.
AUDJPY – Short
AJ has engulfed a few decision points on the daily chart and I’m looking for a move lower. There are clear green candles below indicating profit potential which looks great. If we get a nice looking supply on the lower time frames, we may have a trade on.
AUDNZD – Long
There’s a daily demand level on AN which has had a nice approach with clear red candles. There was an entry signal last which and with the market closed we’ll have to wait to see how that works out. If price breaks below the daily demand then there could be a short trade as there is profit potential below too.
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