Pairs on Watch -

EURCAD : Having to read between the lines a little with this pair and understand how the sells have potentially failed here. Price has now gifted us with an impulsive leg on the 1H followed by a consolidation now building, if we get the last leg complete at the base I will look for a 15M risk entry long in line with the higher timeframe.

EURUSD : This will be very dependant on how the DXY moves now it is positioned below the low. I am open to the long and short on this pair, either with price building an hourly continuation and I can filter to the 15M for a risk entry, or price drops through, the DXY heads long and we can look to get short on this pair as a flip.

GBPUSD : Very similar outlook to EURUSD. I am looking for the longs with the 1H starting to build a continuation for the buys, if it completes I will look for a 15M risk entry. If not and price sells off in line with the DXY heading long, there could be a flip we can then get involved in for shorts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.