Posts by Joe Wright
AU Push From Demand
A few weeks ago AU dropped into demand and after hovering around the area for a while it finally made a move up. AU Price dropped into a key demand level but there was a supply level standing right above. Price tested the supply level and came back to demand. When it came back it…
Read MoreNU Pushes Up From Demand
We’ve seen some great moves in the markets recently and that has continued yet again. At the end of last weeks post I talked about analysis on NU and this week I’m going to highlight some details on that pair. NU Price dropped into daily demand so I was looking for opportunities to buy. The…
Read MoreBig Shorts As The Pound Rolls Over
Last week I talked about the drop on AU and that ended up hitting demand as planned. I’ll update you on that as well the action from the pound. AU I talked about the AU short I spotted last week and if you missed it you can find it here. The move continued as planned…
Read MoreBig 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…
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