EA Engulfs Demand, Whilst EC Has A Bounce

We’ve had some major falls over the past few weeks and the Euro is on the currencies that’s taken a tumble. This week a couple have reached significant levels so I want to see how the market reacts so we can gauge potential.

CADJPY – Long

We’ve seen some nice moves one CJ just like last week. Now price is reaching back to supply so we’ll either see another rejection from this second touch into supply or an engulf and a continued move higher. I’m watching PA to see which one we get and whether or not there’s an entry for us.

2016-03-06 CJ Short.Long D1

EURAUD – Short

EA has engulfed daily demand and the path below looks clear. This week I’m looking for potential short trades down through this area.

2016-03-06 EA Short D1

EURCAD – Long

EC has bounced from demand but Friday saw a heavy rejection after trying to rally. I’ve not entered yet but if I see something I like I might be in.

2016-03-06 EC Long.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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