price is contained with a daily ascending channel and had recently broken out out of the middle section of the pattern for a potential short term buy for price to complete the daily reversal pattern, currently short on the h1 flag after price had impulsively broken out of the h4 bull flag
- if price develops a much more larger correction on the amber zone will be looking for a RE or phase line break at the bottom of the pattern or if price get messy at the areas will be looking for a clean rejection and take a flag with in a flag either on the 15min or h1
NZDJPY **My Forecasts**
price is sitting on a daily double top of a potential daily bull flag for a potential short term sell to the down side to take price to the lows of the pattern
- as price had already tested the double top if price decides to impulse down and break back below the double top will be looking for a h1 flag only - alternatively if price correct all the way to the 3rd touch of the ascending channel and get there with a clean 123 reversal pattern on the LTF will be looking for a RE ort phase line break on the 3rd touch, but if price get messy at the areas will be looking for a push down and take a 15min or h1 flag flag for the short
AUDJPY **My Forecasts**
similar to NJ price is sitting at the double top of a potential larger daily bull flag for a potential short term sell to take price to the lows of the pattern, but staying neutral in the areas if we get a close above the double top there could be possible that HTF could take over for the longs
- as price had broken above the double top ad broken out of the ascending channel if price decided to break back into the pattern with a clear impulse will be looking for a 15min or h1 flag for the shorts - alternatively if price breaks and close above the double top will be looking for price to develop a larger correction ideally visible on the h4 to get in the longs, if price complete a larger correction will be looking to take a RE or phase line break at the bottom of the larger flag but if price get messy with in the areas will be taking a flag with in a flag after a clean rejection from the areas