EJ & UJ Head Lower, GU Bounces From Demand

At the moment there seems to be a number short trading opportunities. UC and UJ came in nicely last week and think they both might fall further too. They’re both still on the watchlist so if you missed the trades last week, check out the video and details below for the upcoming opportunities.

EURJPY – Long/Short

EJ has continued to fall over recent weeks and it’s just about a previous DP in the market on the daily. Below that, we have what looks like a clear path down to quality demand. However, it’s worth noting the previous supply area which could turn into demand and send price back up again. Also bare in mind where we are on the higher time frames. See below:

2016-02-21 EJ Long.Short D1 v01 2016-02-21 EJ Long.Short D1 v02

EURUSD – Long/Short

EU fell from the supply we looked at last week, and at the moment price has stopped at previous resistance. I prefer to trade from SD itself and the demand below looks better for a long trade at the moment. That SR is also weekly SR so we could see a rally up from here too.

2016-02-21 EU Long.Short D1

USDCAD – Short

I shorted UC last week as planned and made some decent pips as I already mentioned. There is still room for price to fall further so this one stays on the watchlist.

2016-02-21 UC Short D1

USDJPY – Short

UJ gave us a nice short last week with both long and short term opportunities. We’ve had a major engulf of significant levels on both the daily and the weekly and the path looks good below so far. There may still be a chance to jump in on the action so take a look this week.

2016-02-21 UJ Short D1 v01 2016-02-21 UJ Short D1 v02

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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