Daily Watchlist
AUDJPY
**My Forecasts**
after price had rejected from the daily double top price seem to be trendline to the downside to test the daily lows to complete a daily larger correction coming from a daily impulsive way
- if price impulsive moves to the downs side clearing the corrective price action will be looking for a clean h1 flag for a scale in ideally with clear 2 top and 2 bottom filtered on the 15min
- alternatively since we are in the amber zone we could expect price to develop a larger correction before continuation the leg to the downside, if price develops a larger correction ideally visible on the h4 will be looking for a RE or phase line break at the top of the correction either on the double top or the 3rd touch, but if price get messy at the top of the correction will be looking for a push down and take a flag with in a flag either on the 15min or the h1
NZDCAD
**My Forecasts**
as price had broken out of the daily ascending channel price seem to be trending to the down side to potential complete the 90% rule of the pattern
- as price had broken below the daily lows will be for a larger correction ideally visible on the h4, looking to see if price develops a confirmed second bottom of the larger correction where I will be looking for RE or phase line break at the top of the correction of price get to the areas correctively, but if price gets messy in the areas will be looking for a rejection and take a flag with in a flag
- alternatively if I don't get an entry with in the larger correction will be looking for a impulsive break of the pattern and take a h1 flag only ideally with 2 top and 2 bottom filtered on the 15min
USDCAD
**My Forecasts**
as price had completed a daily 3 touch descending channel and had already broken below the daily double bottom price could start a reversal and start moving to the upside
- if price impulsive moves up ideally breaking back into the daily descending will be looking for a clean h1 flag only ideally with 2 top and 2 bottom filtered on the 15min
- alternatively price could still move down one more time and complete a 123 extension of the pattern if price moves back down again to complete a 123 descending will be looking for a RE or phase line break on the 3rd touch but failing that will be looking for a rejection and take a flag either on the 15min or h1
**My Forecasts**
after price had rejected from the daily double top price seem to be trendline to the downside to test the daily lows to complete a daily larger correction coming from a daily impulsive way
- if price impulsive moves to the downs side clearing the corrective price action will be looking for a clean h1 flag for a scale in ideally with clear 2 top and 2 bottom filtered on the 15min
- alternatively since we are in the amber zone we could expect price to develop a larger correction before continuation the leg to the downside, if price develops a larger correction ideally visible on the h4 will be looking for a RE or phase line break at the top of the correction either on the double top or the 3rd touch, but if price get messy at the top of the correction will be looking for a push down and take a flag with in a flag either on the 15min or the h1
NZDCAD
**My Forecasts**
as price had broken out of the daily ascending channel price seem to be trending to the down side to potential complete the 90% rule of the pattern
- as price had broken below the daily lows will be for a larger correction ideally visible on the h4, looking to see if price develops a confirmed second bottom of the larger correction where I will be looking for RE or phase line break at the top of the correction of price get to the areas correctively, but if price gets messy in the areas will be looking for a rejection and take a flag with in a flag
- alternatively if I don't get an entry with in the larger correction will be looking for a impulsive break of the pattern and take a h1 flag only ideally with 2 top and 2 bottom filtered on the 15min
USDCAD
**My Forecasts**
as price had completed a daily 3 touch descending channel and had already broken below the daily double bottom price could start a reversal and start moving to the upside
- if price impulsive moves up ideally breaking back into the daily descending will be looking for a clean h1 flag only ideally with 2 top and 2 bottom filtered on the 15min
- alternatively price could still move down one more time and complete a 123 extension of the pattern if price moves back down again to complete a 123 descending will be looking for a RE or phase line break on the 3rd touch but failing that will be looking for a rejection and take a flag either on the 15min or h1
Penafian
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