Last week we had some great trades on EJ and GJ and you can find out more about those here. This week CJ is still on the radar along with a few others. Check out the details and video below:
CADJPY – Long
CJ has dropped back to demand and this is the second touch to this particular level. Price rallied over 800 pips from this area last time so we’ll see what happens now. We’ve got red candles only coming into the level which is also a good sign for profit potential.
EURUSD – Long/Short
Price has hit daily supply and tested demand just below it. After rallying higher price has now produced a red daily momo candle. We could see a move down from here. Failing that if supply breaks we’re looking for longs
GBPUSD – Long
After hitting historic lows, GU has been making a move upwards. We’ve had a weekly green momo tested and hold and I’m looking for a continued move to the upside.
USDCAD – Short
UC has engulfed daily demand and the path is clear below for a move down. It’s already had a retrace so we could see a further move to the downside.
Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.