Price has returned to a couple of levels I’ve been watching so I’m expecting some moves this week. A number of pairs from last week have made significant moves so check out details and the video below:
AUDNZD – Short
We were waiting for price to hit demand but it decided to rally instead. It went on to hit supply where I spotted a short opportunity. Price did arrive with green candles only so that looks good. We’ll see how it progresses this week.
CHFJPY – Long
Price has dropped into daily demand and it hasn’t made a great move up yet. We’ve seen a few higher lows so we could still see a rally. I’ll be watching this week.
EURAUD – Long
EA has finally dropped into demand and we’ve had a bit of a bounce so far with a long wick to the downside. We’ll see if we get the rally we’ve been anticipating.
EURUSD – Long
EU looks like it’s set to engulf the level I marked up last week as we’ve seen a pause before a large red momo that ended last weeks trading. The next level is a little lower and though it’s been hit already, I’ll be watching PA on potential second touch.
GBPUSD – Long
GU has had a number of large moves south over recent months with another coming last week. We can look for pullbacks for shorts and the next demand level to watch for is below:
USDCHF – Short
The Swizzy is heading back to the supply that preceded the huge drop back in January this year. This would be a second touch so it’s worth watching.
USDJPY – Short
Price is heading up to daily supply with green candles only. If it continues we could have a short trade on so keep an eye out.
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