Pairs on Watch -
GBPJPY : Although not the best sequence after price gapped down on market open, we can see it has failed to form any continuation for further sells. And instead, broke back to the upside and created a base on the 15M with small gaps. If price holds the top of structure and comes back down to fill those gaps, I will look for a 15M risk entry long in line with the higher timeframe.
EURNZD : The shorts are looking great on this pair with the higher timeframe still holding strong for sells. We can see now on the 4H a V shape is now following through to the downside giving the sells even more confluence, now it is a case of waiting for the structures to form. If price drops out impulsively I will be waiting for a 15M continuation to get involved and manage to the first inflection point.
GBPJPY : Although not the best sequence after price gapped down on market open, we can see it has failed to form any continuation for further sells. And instead, broke back to the upside and created a base on the 15M with small gaps. If price holds the top of structure and comes back down to fill those gaps, I will look for a 15M risk entry long in line with the higher timeframe.EURNZD : The shorts are looking great on this pair with the higher timeframe still holding strong for sells. We can see now on the 4H a V shape is now following through to the downside giving the sells even more confluence, now it is a case of waiting for the structures to form. If price drops out impulsively I will be waiting for a 15M continuation to get involved and manage to the first inflection point. 
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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.