USDCAD Heads Lower, EU Back At Supply

We looked at price going down on USDCHF last week and it did. I went short for some profit on EU last week to. This week we’ve got some more opportunities so check them out below:

AUDCAD – Long

We’ve got demand on the daily and price has made a move back down. If we see a series of red candles continue then I’ll be looking for a potential bounce.

2016-03-20 AC Long D1

AUDNZD – Long

The supply level on AN has held so far and after making a move higher we’ve had another reversal. The purple line is key. If that engulfs we could see a move lower.

2016-03-20 AN Short D1

EURJPY – Short

EJ needs to rally before we can short from supply. I’ll be looking for longs on the way up then maybe shorts.

2016-03-20 EJ Short D1

EURUSD – Long/Short

I took a long on EU, and got out after price hit supply and started to engulf lower. This is a second touch to daily supply so we could either see another short from here or an engulf and rally higher.

2016-03-20 EU Long.Short D1

GBPJPY – Long

After price rallied up it’s left a demand level behind. If price drops back down, we could have a long. Also we’ve got supply above and beyond that there’s a clear path so if the supply is engulfed we could have a long higher up.

2016-03-20 GJ Long D1

USDCAD Long

Price has been falling for quite a while now and it’s heading towards to demand. I’m watching for how price returns to see if it’s worth taking a long trade.

2016-03-20 UC Long D1

Video

Detailed Analysis

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.

1 Comment

  1. Duncan on March 21, 2016 at 08:58

    thanks joe great idea for the week

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