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.
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.
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.
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.
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.
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.
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