We’re long the Euro again since price came back to demand. Elsewhere across the pairs we have CJ and GJ at supply so we’ll be monitoring those too. Check out the video analysis and the details below:
CADJPY – Short
CJ has been rejected from a supply level a number of times now and it’s still in between zones on the daily and the weekly. With lower highs and long wicks forming away from the level, we could see price fall from here.
EURUSD – Long
We’re long the Euro again. Price dropped into demand on the daily which was also demand on the weekly and gave us an entry. We’ve seen a big rally since entering so we’ll see how far price will go this time.
GBPJPY – Short
GJ has been rejected from supply on the daily also and we have nothing but green candles which have come into the zone. It’s worth nothing however that price has come up from monthly demand, though it is the third touch and a much deeper move into it.
USDCHF – Short
Price rallied up into the supply level higher up and has since fallen away. It’s pretty much back at the base now so we’ll see whether it holds or if price engulfs it.
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.