Further Shorts In The Market

We were looking for shorts on EURJPY, GBPJPY and GBPUSD as I mentioned in last weeks post and video, and we had entries on all three. EJ and GU worked out well but I got stopped out of GJ. This week these pairs on still on the watchlist along with a few others.

EURJPY – Short

So we shorted EJ for over 200 pips last week as we had an entry as per the plan. When looking at the daily chart it still looks like there’s room for price to fall. If we get another entry then I’ll be taking that too.

2015-06-28 EJ Short D1

EURUSD – Long/Short

EU is still stuck in a range and is has to hit one level sooner or later, so keep an eye on this one.

2015-06-28 EU Short D1

GBPJPY – Short

So GJ stopped me out by a pip or two before falling and has since retraced significantly. If there is another opportunity to enter I will probably take it my rules are met because as with EJ the daily picture still looks good as far as profit potential is concerned.

2015-06-28 GJ Short D1

GBPUSD – Short

We shorted GU with confirmation on both the H1 and 5m charts and there is still room for price to fall. Price did make a turn to the upside towards the end of the week so we may not see as big a fall as expected.

2015-06-28 GU Short D1

USDJPY – Long

Price has not yet made it back down to demand but there is still potential so we’re watching UJ also.

2015-06-28 UJ Long D1

Video

Detailed Analysis

Members can 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.

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