More Shorts As Markets Continue To Fall

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.

2015-01-18 EA Short D1

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.

2015-01-18 EN Short D1

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:

2015-01-18 EU Long D1 v01 2015-01-18 EU Long D1 v02

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.

2015-01-18 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.

Happy Trading

 

Leave a Comment





Want to improve your trading? | Download your free Traders Checklist

x

Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence
x