Pairs on Watch -

GBPAUD : We can see clear higher timeframe confirmation on this pair and some great structure building on the 1H. Although this pair is positioned at an area where sells could come in, if it is building a deliberate structure at that area we know it may not be as important as we think it is. Therefore we adjust and take that message, with the internal structure forming as well this opens the door up to a 15M filter for a risk entry long.

AUDNZD : This pair was on watch from last week due to not much changing in terms of still looking for the longs. Price is building up more volume within this sideways move so now it is a case of waiting for price to react for the buys, we get gifted some small stacks of price and I can look to get long off the back of the daily momentum that is in.

EURNZD : We have some really strong higher timeframe momentum on this pair for the longs and still a great range to play into the highs. I am aware of there being over a week of bullish daily candles, so price may want a deeper pullback soon. If price makes it into the base I will look for a simple insurance entry, if not and it develops with more depth it could open the door up to a potential 1H risk entry later in the week.
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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.