GU Engulfs North GJ Heads To Supply

We looked at further rallies last week on both EU and GU and that’s exactly what we’ve seen. Both pairs have made strong moves to the upside and are showing signs of a continuation.

EURUSD – Long

Since price hit demand a few weeks ago, the pair has been rallying. There is still room to move up so we’re looking for signals on the lower time frames to confirm. There has already been another engulf now it’s just a case going long from demand.

2015-04-26 EU Long D1

GBPUSD – Long

Price has engulfed the previous daily supply we looked at and this time went higher than the previous high that was set. There are only red candles above so the path looks good for longs. We’ll see what confirmation the lower time frames give.

2015-04-26 GU Long D1

GBPJPY – Short

GJ is also on the move up but rather than look for longs, I’m waiting for shorts. The path on the left does not a have a clear run as I would like but if price rallies with pure green candles then a short could be on from the supply.

2015-04-26 GJ Short D1

Video

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.

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