So last week we were looking at a series of different opportunities including shorts on CADJPY and longs across a number of Euro pairs. CADJPY did fall lower and there some rallies on the other Euro pairs. EU did fall in price but it rallied from the previous demand level so there may still be some upside potential.
AUDNZD – Long
Price is heading towards demand with red candles. Price could rally from where is closed last week as there was a big imbalance there also but there’s a nicer looking level below.
EURGBP – Long
EG is still in between two levels. Either level looks good so we’ll monitor PA as it travels and see which if any might give us an opportunity.
GBPJPY – Long
GJ has been falling back towards the demand level it rallied from earlier this month. It’s arrived at a turning point and has made a move up. I’m looking to see which if any of these levels will hold. There is also the supply level up above which is worth watching.
USDCHF – Short
USDCHF has hit daily supply which is hit previously. This is the second touch. It has also engulfed the demand that was standing in front of supply so this is definitely one to watch this week.
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.