Aussie & Swizzy Fall From Supply

Both GBPJPY and USDCHF fell further last week as I indicated they might in the previous post. This week USDCHF is still on the watchlist and I've added a couple of aussie pairs.

AUDJPY - Short

AJ has made a move south away from daily supply and looking to the left, there is room for it to fall further. I'll be watching to see whether or not it does this week.

2016-08-14 AJ Short D1

AUDUSD - Short

AU has fallen from supply as well, in  a strong fashion. It looks like price may have compressed up into the zone so although the path isn't clear with only green candles, a number of the SR levels have already been tested which could allow for an smooth drop should price want to fall further.

2016-08-14 AU Short D1

USDCHF - Short

The Swizzy fell from daily supply last week and there is still a bit a room to fall if price wants to. It's in between levels so we'll see if get some opportunity.

2016-08-14 USDCHF Short D1

Video

Premium Analysis

For this weeks Premium Analysis Video members can click here

Leave a Comment





Want to improve your trading? | Download your free Traders Checklist

x

Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence
x