EURAUD Breaks Demand USDCHF At Supply

Last week saw the USDCHF arrive at daily supply after the huge fall which occurred back in January. The Euro has continued it’s decent and there are both long and short opportunities ahead on various pairs.

EURAUD – Short

EA has engulfed demand on the daily chart and the path is clear below for a short. There is nothing but green candles below for a few hundred pips so this looks good for a short with lower time frame confirmation.

2015-03-15 EA Short D1

EURUSD – Short

The Euro continues to fall and the next quality looking level is over 300 pips away. Price could turn before but the one I’m watching is below. See the video for more details on where price might turn.

2015-03-15 EU Long D1

EURJPY – Short/Long

EJ has been falling too and there may be an opportunity to jump in on the short if we see an engulf. There’s a nice looking demand level further down too so there could be a long from it as time goes on.

2015-03-15 EJ Short.Long D1

2015-03-15 EJ Short.Long D1 v02

USDCHF – Short

The daily supply on the USDCHF preceded a very large drop so if it holds there could be a decent profit though I don’t anticipate price to reach the low formed from the original move down.

2015-03-15 USDCHF Short D1



Detailed Analysis

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.

If you enjoyed this article, get free updates!

Leave a Comment

Want to improve your trading? | Download your free Traders Checklist


Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence