The USDCAD trade we took a few weeks ago on the long account didn’t rally as much as we would’ve liked and eventually turned against us. Stops had already been moved up to protect capital so there were no losses. This week we’re looking more closely at a few of the yens and GU.
AUDNZD – Long
AN broke through the supply we had marked up last week without giving a short confirmation. We now have a demand level so I’m watching to see what happens on return to it.
EURGBP – Long
EG has continued to fall as anticipated. We’ve had a pause in price on the way down and we’ve got red candles following it. If price continues with the red candles then we’ll be looking for an entry with confirmation.
EURJPY – Short
We went short last week after seeing confirmation on the lower time frames. We’ve already seen a drop in price and hopefully it will fall much further through those big green candles. Time will tell.
GBPJPY – Short
Much like EJ, We took on a short on GJ with lower time frame confirmation. I’m sure this week price will decide which way it’s going to go.
GBPUSD – Short
Price has arrived back at the supply level we’ve been watching for a while so we just need confirmation for a short. That’s what we’ll be watching for this week.
USDJPY – Long
Still watching UJ as price continues to fall.
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