Posts by Joe Wright
Big Drop ON AU
AU has been on long term downtrend for some time now and there was another opportunity to jump on it last week. Here’s what happened. AUDUSD Looking at the charts, from a daily and weekly perspective the trend is clearly down. Price retrace to previous weekly support which was likely due to turn to resistance…
Read MoreEN 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…
Read MoreProjections
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…
Read MoreAU 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…
Read MoreGU 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.…
Read MoreMajor 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.…
Read MoreBig 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…
Read MoreAll 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…
Read MoreBig 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…
Read MoreNU 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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