CADJPY Heads To Demand Whilst GU Falls Lower

We’ve seen the markets tumble for a number of weeks and even months on some pairs. Though we’ve had a couple of longs the main move has been down recently. For some pairs that’s likely to continue but only until we get to demand. When we reach demand, where we see PA that indicates a reversal we’ll look for longs. This week we have the usual outlook with upcoming opportunities.

CADJPY – Long/Short

CJ has continued down as we thought it might and now it’s closer to the daily demand. I’ll consider shorts where I see opportunity until we hit the demand level below at which point I’ll be looking for a long.

2016-01-17 CJ Long D1 v01

 

2016-01-17 CJ Long D1 v02

GBPJPY – Long/Short

This is one of the pairs that’s been falling for a few months now. We’re back at an area where price previously rallied from so I’ll be monitoring PA. I’m I’ve spotted a level to short from too as I still think there’s room to fall so I’m be watching that area closely too.

2016-01-17 GJ Long D1

GBPUSD – Long

We’ve seen heavily falls on GU and we’re heading to historic demand. The levels don’t look great but if you look at the rallies from that area, it seems that price doesn’t like it down there. Check out the video below for more details which looks at the weekly and monthly also.

2016-01-17 GU Long D1 v01

NZDUSD – Long

Price has dropped into demand on NU so I’m watching for a reversal.

2016-01-17 NU Long 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.

Leave a Comment





Want to improve your trading? | Download your free Traders Checklist

x

Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence
x