Posts by Joe Wright

EN Short Continuation

Last week I mentioned potential on EN and this week I have some more analysis to share with you on this pair. EN So price fell from supply as I initially mentioned last week here. After breaking support on the H4 price came back for a retest before heading lower. The level I was looking…

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Projections

It’s important to make projections in the market as that is how we anticipate price movements and reactions at certain levels. Not every projection will be right and sometimes the only thing we need to do is wait for events to pan out no matter how long it might take. Most of “trading” is spent…

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AU Short With The Trend

AU has been in a downtrend since July and after the initial drop, there have been opportunities to short. Here is another one: AU I first identified the short back in July and took the entry which was explained here. It was a big reversal play which saw the pair fall for the rest of…

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GU Rallies From Demand

Price has been hovering around some key levels for a while now and GU is one of them. Here’s a closer look: GBPUSD GU hit a demand level on the daily chart and showed signs of a potential rally. The lower timeframes confirmed for a move to the upside. I hope you found this useful.…

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Major Levels

This week will be a bit different. There are a number of pairs at key levels on the daily chart so I’m going to share some of them with you as you may well find it interesting. GU GU has been falling for quite a while and last week saw one of the largest drops.…

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Big Short on AU

One of the biggest movers last week was AU and we caught the drop. NU had a similar move and I have some analysis on that one as well. AU Price hit daily supply where price previous had a substantial drop in price, so I was ready for a short. The H4 chart created formed…

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All Over The Markets

There are some weeks where there are so many great setups and you’re in a place to take them all. This was one of those weeks so here’s the breakdown. EU If you saw last weeks post you’ll know that I took a long on EU which worked out nicely. If you missed it, you…

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Big Rally From EU Demand

EU had a nice move last week after dropping into a key daily demand level. The move up was very explosive and I’ve got the breakdown for you here. EURUSD Price dropped into demand on the daily chart and price action suggested that the level might hold.   On the H4 chart there was the…

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NU Pops Up For Some Profits

NZDUSD had been in an uptrend following a big rally. There was an opportunity for a quick long so here’s what happened. NU After a strong rally, price broke above supply and came back to retest it. After the lower timeframes confirmed the direction it was time to enter. And then wait for the rally.…

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EU Bounces From Support

A number of the USD pairs have continued to rally following moves from the previous week like AU and NU and UC, some of the pairs I mentioned here. EU however as been stuck in a range after hitting daily supply. EU After the long on EU, price hit supply. It retraced to a daily…

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