Pairs on Watch -

AUDNZD : After the initial two touch has now committed, price does not need to pull back all the way into the low of the structure now we have an impulse to work with. All I am waiting for here is lower timeframe development to look for the flag to get long, higher timeframe is also looking great after tapping into an area on the left and following through.

EURNZD : Very similar price action to AUDNZD and I am also looking for something to develop on the lower timeframe with this pair. The higher timeframe has also committed with price reacting from the two-touch structure and giving us an impulsive leg, now it is a case of waiting for the 15M to develop and build, once we have something to work with we can look to get involved in the longs.

AUDJPY : Price is positioned very nicely for sells on the higher timeframe, after tapping a main value area and the daily already showing its hand, this could be the start of a solid golden run to the downside. The 1H and 4H also following through, now it is a case of lower timeframe consolidations to ride the momentum to the downside. Will also be monitoring the JP225 with this.

NZDUSD : Separating price action above on this pair you can see that all areas have been met and committed from, therefore price does not need to climb back up to any of those areas again. It has also dropped out impulsively breaking the low on the left, with a clear range to play into the next area of value. I will be looking for 15M structures to form today to get involved in the continued sell move to the downside.
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.
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.