We have a number of potential long setups this week and many of them are on the Euro pairs. Last week price bounced from AUDNZD a little before falling deeper into demand and there was a short opportunity on NZDJPY before the rally towards the end of the week. Check out this weeks levels below:
EURAUD – Long
EA is heading even closer to the demand level I’ve been watching and we’ve only had red candles on the decent so far which looks good. We’ll see whether we get a bounce or not.
EURCAD – Long
We took a long from a demand level on EC a few weeks back and now price is back at the same level having dropped deeper into it. Definitely one to watch.
EURGBP – Long
EG has also fallen sharply and demand is just below. I’ll be monitoring PA if price drops into the zone this week.
EURNZD – Long
EN has dropped into demand and there’s another level below it. The arrival looks good so we’ll see if we get a move up from either of these zones.
GBPUSD – Long
With all the shorts on the Euro pairs, GU has seen a fall in price too. The same demand level I mentioned a few weeks back is still in play.
NZDUSD – Long
NU has a demand level which is also a swap zone. Price has already made a move a way so we’ll see if the move up continues.
Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.