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.
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.
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.
Video
Detailed Analysis
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Happy Trading