Daily Watchlist NZDCAD NZDJPY CADJPY
NZDCAD
**My Forecasts**
as price had broken out form a daily ascending channel it seem to be developing a daily correction for the next leg to the down side, see how price would react to the lows of the pattern as we could see a potential buy for price to complete the daily correction
- currently short from the double top, if price impulsive break the daily low will be looking for a clear h1 flag with 2 top and bottom ideally filtered on the 15min
- alternatively if price start to create a descending nature heading to the double bottom will be looking for a RE or a phase line break if price complete a 123 reversal pattern on the areas, but failing that will be looking for a rejection from the double bottom and take a 15min or h1 flag for the short term buys
NZDJPY
**My Forecasts**
after a impulsive wave to the upside price seem to be developing a daily correction before it could continue moving higher and price is approaching the double top of the potential larger correction for a one more sell to take price to the lows of the pattern
- will be looking for price to break above the double top and complete the 3rd touch of the ascending channel if price get to the areas with a 123 reversal pattern on the LTF will be looking for a RE or a phase line break on the 3rd touch but failing that will be looking for a rejection from the areas with a push down and take a 15min or h1 flag for the short
- alternatively if price doesn't make it all the way to the 3rd touch of the pattern and if price rejects from the double top will be looking for a clear push down from the areas and take a h1 flag only on the over ride
CADJPY
**My Forecasts**
price had broken and closed above a daily double top coming from a larger daily impulse correction impulse manner, looking for larger correction to take price to the over all double top, but also staying neutral and see what happen next as if price decides to break back below the double top we could also see a potential
- if price complete a larger bull flag ideally visible on the h4 swill be looking for a RE or phase line break at the bottom of the flag but if price get messy and I don't get and entry will be looking for a push up and take a flag with in a flag either on the 15min or h1
- alternatively if we get a sudden impulse and break back below the double top I would still consider the short will be looking for a clean h1 flag after a clear and obvious push down and take a h1 flag ideally with 2 top and 2 bottom filtered on the 15min
**My Forecasts**
as price had broken out form a daily ascending channel it seem to be developing a daily correction for the next leg to the down side, see how price would react to the lows of the pattern as we could see a potential buy for price to complete the daily correction
- currently short from the double top, if price impulsive break the daily low will be looking for a clear h1 flag with 2 top and bottom ideally filtered on the 15min
- alternatively if price start to create a descending nature heading to the double bottom will be looking for a RE or a phase line break if price complete a 123 reversal pattern on the areas, but failing that will be looking for a rejection from the double bottom and take a 15min or h1 flag for the short term buys
NZDJPY
**My Forecasts**
after a impulsive wave to the upside price seem to be developing a daily correction before it could continue moving higher and price is approaching the double top of the potential larger correction for a one more sell to take price to the lows of the pattern
- will be looking for price to break above the double top and complete the 3rd touch of the ascending channel if price get to the areas with a 123 reversal pattern on the LTF will be looking for a RE or a phase line break on the 3rd touch but failing that will be looking for a rejection from the areas with a push down and take a 15min or h1 flag for the short
- alternatively if price doesn't make it all the way to the 3rd touch of the pattern and if price rejects from the double top will be looking for a clear push down from the areas and take a h1 flag only on the over ride
CADJPY
**My Forecasts**
price had broken and closed above a daily double top coming from a larger daily impulse correction impulse manner, looking for larger correction to take price to the over all double top, but also staying neutral and see what happen next as if price decides to break back below the double top we could also see a potential
- if price complete a larger bull flag ideally visible on the h4 swill be looking for a RE or phase line break at the bottom of the flag but if price get messy and I don't get and entry will be looking for a push up and take a flag with in a flag either on the 15min or h1
- alternatively if we get a sudden impulse and break back below the double top I would still consider the short will be looking for a clean h1 flag after a clear and obvious push down and take a h1 flag ideally with 2 top and 2 bottom filtered on the 15min
Penafian
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