EJ Engulfs Demand, GJ Continues Lower

We’ve seen some big falls in the markets over the past week and this week we have a mixture of potential longs and shorts where we’re looking at some of the euro and yen pairs.

EURJPY – Short

EJ has engulfed demand on the daily and there are green candles below which could indicate a smooth ride down. We’ll see if PA confirms this as the week goes on.

2015-09-06 EJ Short D1

GBPJPY – Short

GJ has continued to fall heavily and there doesn’t seem to be many levels in the way to stop it so I’ll be looking to get in on the way down with confirmation.

2015-09-06 GJ Short D1

GBPUSD – Long

GU has also seen big drops and he’s heading towards the next demand level which can be seen below. Price also rallied from the area where price closed last week so watch PA around here.

2015-09-06 GU Long D1

USDCHF – Long/Short

The Swizzy hit supply last week, but there’s a base standing right in the way. I’d like to see that engulfed before shorting here. Price could hit that and rally higher from there.

2015-09-06 USDCHF Short D1

Video

Detailed Analysis

Members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. 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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