EG Back At Demand As Sterling Rallies

Last week saw the rally of sterling so we could have some opportunities coming up. We have some other pairs on the list as usual too.


AJ has hit daily demand and it's run into a bit of supply just above it. Beyond that the path looks pretty clear so if there's an engulf we could see a continued move to the upside.

2017-04-23 AJ Long D1


EG is back at demand. We've been here before so this is a key level. If this gets engulfed it could slide down to the next one below:

2017-04-23 EG Short D1


Price had a very strong rally last week and we're coming up to a key level which has held price down for some time now. If the level holds, price could be going lower and if it gets engulfed then price want's higher. We'll see how it goes.

2017-04-23 GC Short D1


GU was bullish and there's a turning point higher up on the daily. Potential bounce with confirmation.

2017-04-23 GU Short D1


Price engulfed the daily demand I mentioned last week so it looks like it wants lower. I'll be looking for more shorting opportunities.

2017-04-23 UJ Short D1


Like what you see? Share it here:

Recent Posts

Big Swing on USDCAD

By Joe Wright | February 10, 2019

Entries Are Exits

By Joe Wright | February 10, 2019

GJ Bounce

By Joe Wright | February 10, 2019

Flash Crash Profits Jan 2019

By Joe Wright | January 3, 2019

EJ Drops From Supply

By Joe Wright | June 10, 2018

Leave a Comment

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


Learn To Read The Market

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