GJ Hits Supply, EG Back At Demand

We have a number of potential setups this week with GBPJPY looking like the most interesting. The AN, GU and EJ setups identified last week didn’t play out but that’s not a problem as there were no entries anyway. Check out this weeks opportunities below:

CADJPY – Short

CJ didn’t make it to the supply level we were watching last week but the level still looks like a quality one so it’s still worth watching.

2015-07-19 CJ Short D1

EURGBP – Long

EG has been falling steadily recently with a sharp drop occurring last week. Price has dropped down into demand from 2007 with red candles only so I’ll be watching to see what happens. Price has already hit the level in the past so this would be the second touch.

2015-07-19 EG Long D1 v01

2015-07-19 EG Long D1

EURUSD – Long

EU has dropped back into demand for the second time. Price didn’t go too deep into the level last time so there may still be some demand here. We’ll find out this week.

2015-07-19 EU Long D1

GBPJPY – Short

GJ rallied up to supply last week with green candles only which is exactly what I like to see. Now I’ll be watching to see if we get a reversal from this level on the lower time frames.

2015-07-19 GJ Short D1

USDCAD – Long

USDCAD has been rallying for some time now and last week it broke this years highs and created a demand level. There was a strong rally from the zone so I’ll be watching how price returns to it.

2015-07-19 UC Long D1

Video

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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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