03.04.26 Daily Forecast

369
Pairs on Watch -

AUDJPY : A very simple bull flag is what I am waiting for on this pair, I was long earlier on in the week and took the manual breakeven however the higher timeframe still remains. If we get a bit more development on this structure I will filter to the 15M and look for a risk entry long.

EURAUD : Reading between the lines of price we can see the initial sequence for the longs failed and price dropped through impulsively to the downside. It has now given us a small hook point on the 15M with the potential for an internal structure back into that area in the form of a 123. If this shapes up, I will filter to the 15M and look for a risk entry short.

USDCAD : This pair does not look the cleanest in terms of sequence, but again similar to EURAUD we can see how the short has failed due to the nature of price. It broke out of the corrective squeeze impulsively and is now forming a 1H continuation for the long. If price makes it back down to the base I will look for a 1H entry and get long with a target to fill the gap at the high.

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