Yens in Play

AUDJPY - Short

Price rallied strong last towards the end of last week and is now heading for another supply level. If it continues up with clear green candles, I'll be watching for a reversal.

A33 image 1 AJ Short D1



The Yen clearly took a pounding last week as CJ also rallied strong. There is supply higher up but the demand level created last week looks nice at the moment. If price returns with clear red candles I'll be looking to trade long.

A33 image 2 CJ Long D1

EURAUD - Short

The EA has broken a significant decision point on the daily chart and there is some profit potential below. A lower time frame retrace to a supply level that holds, would confirm a short trade. This is definitely one to watch this week. You've seen what can happen when this type of PA occurs. If you haven't, check out this article from similar trade setups on CJ and GJ last month.

A33 image 3 EA Short D1

EURJPY - Short

Price is just over 100 pips away from a short on the EJ. The rally that ended last weeks' trading was very strong, and if the supply holds, price shouldn't have too much trouble falling back down through that large green candle.

A33 image 4 EJ Short D1

USDJPY - Long or Short

UJ didn't fall to the previous demand level I marked up but it's just created another one which looks equally as good. There's a supply level up ahead too. So I'll be watching that as well for a short.

A33 image 5 UJ Long D1 A33 image 6 UJ Short D1


Detailed Analysis

Members can click here for the detailed analysis which looks at the lower time frame levels we are watching to confirm an entry. If you do not have access to this premium content then you can find out how to sign up by using the join us link below.

Happy Trading


  1. Ashir on November 2, 2014 at 22:58

    I love that I have signed up to this subscriprion thanks joe Wright. Experienced trader that knows a lot about supply and demand. Me signing up to this website that Is honestly the best thing I have done so far for 2014.

    • Joe Wright on November 3, 2014 at 20:05

      Hi Ashir. I’m glad you found it useful. Happy to help.

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