As usual we have a number of different pairs to watch this week. One where price is already at the level and in most of the others we’re still playing the waiting game.
AUDNZD – Long/Short
An is still on the radar this week. We came to within 25 pips of supply last week before price turned away so we’ll see what happens this week.
CADJPY – Short
We’re heading back to a supply level I spotted a while ago but we didn’t get near it. We had a strong strong move up towards the end of the week so we could be see that level soon.
EURGBP – Long
EG has produced another demand level and price is on the way back down so if it continues with the red candles I’ll be looking for a reversal.
EURJPY – Short
EJ hit a daily supply which is also a QM level and price has already made a move down. I’m looking for a big drop down so we’ll see if we get an entry.
EURUSD – Long
EU formed a new supply level last week and price is already heading back down it with 2 candles so far. I’m watching for a bounce if it continues to the demand.
GBPJPY – Short
GJ is almost at a supply level formed back in 2008 so I’m watching for a reversal when it reaches.
GBPUSD – Long
GU is getting closer to the demand we looked at last week so it’s still on the radar for a long.
USDCAD – Long
UC also has a demand level albeit a small one so I’m watching for a reaction here too.
Members login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. The detailed video analysis is here. We also analyse the markets for short term trades throughout the week. If you do not have access to this premium content then you can find out how to sign up here.