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.
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.
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.
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