The majority of my recent trades have been shorts and after a few hundred pips of profit over the last couple weeks, 2015 has started well. I’m anticipating a few more shorts as that’s what price action is showing so here are the ones to watch for this week:
EURAUD – Short
EA has broken daily demand and the path below is clear for profit. With further confirmation on the lower time frames I’d be happy to take a short on this pair.
EURNZD – Short
EN has just broken historic lows and it created a supply level during the fall. The move away looks good and provided price returns in a decent fashion with profit potential then it could be good for a short.
EURUSD – Long
EU broke through previous demand with no signals to go long. It’s now arrived at a level lower down. The one to watch is below:
GBPJPY – Short
There’s still room for GJ to fall so it’s still on my radar. Profit potential looks good so we’ll see if this one gives us on entry or not.
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