CADJPY Back At Demand, EU Bounces From Supply

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.

2016-02-14 CJ Long D1

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

2016-02-14 EU Short D1

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.

2016-02-14 GU Short D1

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.

2016-02-14 UC Short D1

Video

Detailed Analysis

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.

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