Last price price rallied up to the daily supply we’ve been watching on EJ and there’s been a bit of a reversal. This week I want to see if it will continue or if it will actually rally higher as the higher time frames indicate. We’ll be looking at this along with other longer term charts.
EURAUD – Long
EA rallied strong last week producing a demand level on the daily chart. The’re a large momo candle leaving the level and price has already started to move back down. If price continues to drop with red candles only then we could have a long.
EURJPY – Short
With price back at supply it’s time to look for potential shorts. Price has arrived with clear green candles indicating profit potential so if there’s confirmation on the lower time frames we may have a trade.
The Bigger Picture
The majority of the setups I post use entries on time frames such as the 5m but there ways to trade SD for those who don’t have the time or wish to fine tune entries so much. For this we can use the same supply and demand principles that I’ve shared already but on larger charts. Check out the pairs below:
EURAUD – Long
EURGBP – Long
EURJPY – Long
GBPJPY – Long
GBPUSD – Long
USDJPY – Long
This weeks video goes into more detail so may sure you check it out below:
Members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. This weeks 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.