Awaiting Confirmation For Yen Shorts, Possible GU Long

AUDJPY - Short

AJ reached the daily supply identified last week and fell it feel a bit before retracing. Some of us in the members area went short for some pips but the expected big move hasn't happened yet. We did see an engulf on the lower time frames so I'm still watching this one.

A34 image 1 AJ Short D1

GBPJPY - Short

GJ rallied strong along with the other yen pairs a couple weeks back and then for 2 days towards the end of last week. If we see a break below the DP (decision point) on the daily then we could see price fall significantly through the large green candles.

A34 image 2 GJ Short D1

GBPUSD - Long

I took a quick long on GU last week and it has since dropped further into demand before heading back up. Price arrived with a big red candle indicating profit potential so if we see price action on the lower time frames to confirm a trade, then we may have long.

A34 image 3 GU Long D1

Video

Detailed Analysis

Members can click here for the detailed analysis which looks at the lower time frame levels we are watching to confirm an entry. If you do not have access to this premium content then you can find out how to sign up below.

Happy Trading

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