EURAUD - Long/Short
Price has dropped down into a demand level in a very strong fashion. Last Friday say a drop over 300 pips. This is an area where price has already spent some time. If price breaks the demand level then there may be some shorts on as there's profit potential below as well.
EURNZD - Long
EN is also at demand and price has dropped into it nicely with clear green candles signally a good amount of profit potential. If we see an engulf on the lower time frames, then we'll be looking for longs.
GBPAUD - Long/Short
In addition to the Euro we also have the Pound at demand on a few pairs and GA is one of them. The path looks clear for profit potential to the upside but if the demand level breaks, then we could also see a substantial drop in price too. See below:
GBPJPY - Short
Price has rallied higher into the supply level identified last week and there as been an engulf on the lower time frames. We haven't seen a short yet but I'll be watching for one this week again.
GBPUSD - Long
Price rallied a bit from the demand level last week but it could still go higher. If we see price action on the lower time frames to confirm a long then we'll take the trade.
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