Pairs on Watch -
GBPAUD : Neutral on this pair at the moment but using the ray line as a guide, price may provide more depth within this piece of price action where we have a 123 move into the small area for longs. Or, price breaks through impulsively and develops a small 15M continuation underneath the ray line, showing the bullish structure failing and the shorts back on the cards. Higher timeframe is very interesting on this one.
EURNZD : I am looking for more of the short side on this pair once the top of the higher timeframe range has been hit. We may see price push slightly above to fill the small gap on the left followed by a strong break back in on the 1H and a lower timeframe continuation. I am not completely against the longs as price could be accumulating on the higher timeframe to break out, any 1H continuations above the high is prime for buys.
GBPAUD : Neutral on this pair at the moment but using the ray line as a guide, price may provide more depth within this piece of price action where we have a 123 move into the small area for longs. Or, price breaks through impulsively and develops a small 15M continuation underneath the ray line, showing the bullish structure failing and the shorts back on the cards. Higher timeframe is very interesting on this one. EURNZD : I am looking for more of the short side on this pair once the top of the higher timeframe range has been hit. We may see price push slightly above to fill the small gap on the left followed by a strong break back in on the 1H and a lower timeframe continuation. I am not completely against the longs as price could be accumulating on the higher timeframe to break out, any 1H continuations above the high is prime for buys. 
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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.