Pairs on Watch -
NZDJPY : A little bit of a psychology play here with price as it is not the cleanest of structures or sequence. We can see price has hit the lows, failed to continue higher, pulled back around 50% and is now developing a continuation back to the upside. A little more on the advanced side having to read between the lines, but if the sentiment of the JP225 is bullish we could see upside movement.
CADJPY : A very simple approach with this pair as it is trading at the bottom of a range where we could see a long shape up. Once we get a 1H follow through from the low, I will look for a 15M continuation to play the long idea up to the top of the range for a simple 5:1. We may then get an opportunity to sell back to the lows before the higher timeframe structure forms in line with the daily impulsive leg.
AUDCHF : Price has attempted to sell off from the main value area on the left, failed to form continuation and is now heading back up to the high for a potential double top. If we get a follow through from this area on the 1H I will look for a lower timeframe continuation to get short playing the overall idea of the M style as explained in the breakdown.
NZDJPY : A little bit of a psychology play here with price as it is not the cleanest of structures or sequence. We can see price has hit the lows, failed to continue higher, pulled back around 50% and is now developing a continuation back to the upside. A little more on the advanced side having to read between the lines, but if the sentiment of the JP225 is bullish we could see upside movement. CADJPY : A very simple approach with this pair as it is trading at the bottom of a range where we could see a long shape up. Once we get a 1H follow through from the low, I will look for a 15M continuation to play the long idea up to the top of the range for a simple 5:1. We may then get an opportunity to sell back to the lows before the higher timeframe structure forms in line with the daily impulsive leg. AUDCHF : Price has attempted to sell off from the main value area on the left, failed to form continuation and is now heading back up to the high for a potential double top. If we get a follow through from this area on the 1H I will look for a lower timeframe continuation to get short playing the overall idea of the M style as explained in the breakdown. 
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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.