Posts by Joe Wright
Yen Longs
Last week there were only a few trades but some the ones taken took a few days to play and banked a lot of pips. AJ Price came back to daily demand in an uptrend and though there was a minor supply level above, price showed signs that it would break and we’d get…
Read MoreEJ Stays Bullish for Another Week
Last week I mentioned a long on EJ directly into a daily supply zone. If you missed that you can see it here. We saw another great on EJ the past week too so here’s a quick breakdown on that. EJ Price retraced to H4 support in an uptrend and showed signs that it would…
Read MoreBuying into Supply
Happy New Year! It’s the holiday period, but I’ve still taken trades when I’ve seen setups. Here’s one with a prime example of how you can safely buy into a supply level. We normally look to buy from demand and sell from support but there are certain situations where buying into supply can be done…
Read MoreGJ Falls From High
GJ has done it again with some major moves and this time I’m talking about a big short. Spotting turning points are key and if you look back at my last post you will see a weekly resistance level that I’ve had marked up for some time. I traded other levels in the meantime until…
Read MoreAll Over GJ
If GJ moves, then I want a piece of the action. Over the past few months I’ve only been trading GJ. It kinda made sense for me. I love this pair and things usually work out great so decided to focus solely on this pair. GBPJPY I took a fair few trades in July and…
Read MoreGJ Is Making Moves
As always GJ has been making moves in the market and I’ve been able to catch a few of them. Here’s a few charts to show you my thought process. GBPJPY Price broke daily demand and came back for a retest. The path below looked pretty clear so I was expecting a move to…
Read MoreBuying When The Market Crashes
We’ve all seen what’s been happening over the past weeks and months with the coronavirus which has rapidly spread across the world. The markets saw sharp declines across a range of assets. As always there is opportunity. First of all I hope you are safe and well during this challenging time which we are seeing…
Read MorePound Madness
The pound has offered some great moves over the past week and I’m going to share some of the analysis with you here. The levels will be different to what I have posted recently in that they are smaller timeframes. Mainly H1 and below. Price is fractal in nature as I have mentioned numerous times…
Read MoreBoth Ways on NZDJPY
NZDJPY has had some great setups. Last week and mentioned one and this week I have more for you. NZDJPY In last weeks post I mentioned a short trade I took from supply and showed where price ended up which was at weekly support. As I continued to monitor price, a reversal looked likely so…
Read MoreBig Rally On The Pound
Last week saw a big rally on the pound and it was a move I’d been waiting on for a while. I’ve got the breakdown here as well some other trades I’ve been holding on to. GBPUSD GU has been in an uptrend for some time now and although we’ve seen periods of consolidating and…
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