Last week we were looking for longs on EU and after successful long and short term trades, EU may continue the rally. This along with further levels are discussed this week.
EURUSD – Long
EU rallied from daily demand and there is still room for price to continue the rally as the picture on the left still shows red candles only. The lower time frames will tell us if and when to enter.
GBPJPY – Short
GJ rallied up to supply last week with green daily candles only so I’ll be monitoring it for a potential short.
USDCAD – Short
USDCAD has been on the radar for a few months now and last week price engulfed the demand I’d been talking about. There’s still room for price to move lower so I’ll be watching.
Members can click here for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. We also analyse the markets for further trades throughout the week. If you do not have access to this premium content then you can find out how to sign up here.