24.07.26 Daily Forecast

480
Pairs on Watch -

NZDJPY : I am still running live in this short position, some accounts were taken out for a breakeven through Asia session and some accounts stayed in. I will be monitoring and managing this position through today and have a take profit set at 3%, so lets see what happens!

CADJPY : This is actually a hedge against my NZDJPY position above, as I am looking for the longs on this pair into the next high. I cannot be bias in my Yen direction and staying open minded with what price action is telling, right now on the higher timeframe this pair looks bullish. If we get 1H development and a completed base, I will look for a risk entry filtered to the 15M for a long and manage into the next main high.

EURNZD : We can see on the higher timeframe a nice bullish sentiment starting to come in, however we are on the third daily candle where we know we can provide deeper pullbacks. On the lower timeframes price has shown its hand and given us a decent impulsive move for this pair, now similar to CADJPY it is all about 1H development. If we get a completion of the structure on the 1H timeframe I will look for a risk entry long.

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