EJ Continues To Fall, USDCHF Heads To Supply

We were looking for EJ and GU to fall last week and that's exactly what happened. We made some nice pips on the down moves and there could be more to go yet. If you missed the outlook from last week then you can find it here.

EURJPY - Short

The previous demand level we looked at did end up being a swap zone and there was a nice short entry which we looked at in the members area. You can see here below:

2016-07-04 EJ Short H1

There is still room for price to fall so if you missed the trade last week there could be another chance this week. See below:

2016-07-10 EJ Short D1 v01 2016-07-10 EJ Short D1 v02

USDCHF - Short

Price continued a rally started in June last week and it's getting closer to supply. I'll be watching to see if it arrives this week and what reaction we might get.

2016-07-10 USDCHF Short D1

Video

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2 Comments

  1. Gary on July 11, 2016 at 23:24

    Great analysis & trades Mark!

    I really appreciate your trade analysis & your videos, keep up the awesome job!

    Gary

    • Joe Wright on July 17, 2016 at 10:43

      Hi Gary,

      Thanks for the feedback. I’m glad you find it useful.

      Joe

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