Daily Watchlist AUDJPY USDCAD
AUDJPY
**My Forecasts**
price had rejected form the double top with a nice 123 ascending channel approached for a ell to take price down to the lows
- currently have orders on the h1 flag after price had tested the double top broken back below the ray line and back inside the ascending channel
- staying neutral as HTF might take over since HTF is pointing to the upside if price develop a clear larger bull flag be looking for longs for a RE or phase line break at the bottom of the larger bull flag
USDCAD
**My Forecasts**
price is approaching a daily double bottom for a potential value areas for a buy, price is getting to the areas in a form of a descending channel and could possible create and extension of the pattern
- if price creates a 123 extension of the pattern that break the double bottom will be looking for a RE or phase line break on the 3rd touch but if price get messy at the areas will be looking for a push and and take a 15min or h1 flag
- alternatively price doesn't need to test the double bottom as we already completed the 3rd touch of the descending channel if price decide to push up early with a clear impulse to the upside will be looking to take a h1 flag only
**My Forecasts**
price had rejected form the double top with a nice 123 ascending channel approached for a ell to take price down to the lows
- currently have orders on the h1 flag after price had tested the double top broken back below the ray line and back inside the ascending channel
- staying neutral as HTF might take over since HTF is pointing to the upside if price develop a clear larger bull flag be looking for longs for a RE or phase line break at the bottom of the larger bull flag
USDCAD
**My Forecasts**
price is approaching a daily double bottom for a potential value areas for a buy, price is getting to the areas in a form of a descending channel and could possible create and extension of the pattern
- if price creates a 123 extension of the pattern that break the double bottom will be looking for a RE or phase line break on the 3rd touch but if price get messy at the areas will be looking for a push and and take a 15min or h1 flag
- alternatively price doesn't need to test the double bottom as we already completed the 3rd touch of the descending channel if price decide to push up early with a clear impulse to the upside will be looking to take a h1 flag only
Penafian
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