GA And GJ Hit Supply, Possible Longs on Some Euros

We saw some strong moves in the markets last week and we’re looking to capitalize on them this week since a number of pairs have reached key levels. Once again it’s mainly pound and euro pairs this week so check them out below:


Price is heading down to a daily supply level which is also a QM level. We’ve got red candles on the way so far so if that continues then I’ll be looking for a potential long trade from there.

2015-05-10 EG Long D1 EURNZD – Long

EN has created a demand level with a very strong move away. Price rallied over 900 pips from the zone so it’s definitely one to watch.

2015-05-10 EN Long D1

EURUSD – Short

The closest level on EU at the moment is still the supply level mentioned previously. If we see green candles going into the level, we’ll take a closer look for a short.

2015-05-10 EU Short D1

GBPAUD – Short

After the great long trade we had last week, price has reached supply and is already falling away so this week we’re on for shorts.

2015-05-10 GA Short D1

GBPJPY – Short

GJ has rallied to a supply level highlighted a few weeks ago and has done so with green candles only. If we see PA that meets the rules then we’ll be short on this one too.

2015-05-10 GJ Short D1

USDCAD – Short

USDCAD looks set to continue to fall and if it does so with pure red candles then I’ll be looking for a long from the demand level below:

2015-05-10 UC Long D1

USDCHF – Short

USDCHF has been rallying and is heading towards supply which is also a swap zone. If it continues the rally with green candles only then we could have a short.

2015-05-10 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.

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