Last week I mentioned potential long opportunities on CADJPY as price had engulfed supply on the daily chart. I posted a level to trade from in the members area so we entered long.
This week I’m anticipating CJ to rally further so that’s what I’ll be looking for. There aren’t many other great looking opportunities at the moment so I’ll be waiting until some others show up. Sometimes there are potential trades across multiple pairs and other times are quieter like now. It’s always best to wait it out rather than look for trades where there are none.
I still like the look of a short on USDCAD based on the same analysis I posted previously so that is still on the list but until the other pairs start to move a bit more that’s pretty much it.
There are shorter term trades which occur more frequently but that is beyond the scope of this post.
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.