23.07.26 Daily Forecast

281
Pairs on Watch -

NZDJPY : Currently live in a short position on this pair. We can see the isolated structure being a two touch with an internal approach on the 15M, one of my go-to setups. The higher timeframe has done the minimum to warrant the shorts to come in, and I am aware I will need to be on my management game if price approach the 1% mark at the lows and begins to reverse. At this point I will be at breakeven.

GBPUSD : This pair looks really great for a little more develop back into the ray line value area but if we get the depth and potentially some internal structure, a 1H risk entry is highly likely. The DXY may pull back deeper into the next low which is fine, that will give this pair a chance to develop a little more and create depth for us to then get short.

EURUSD : A little hedge with this pair in terms of the DXY going long earlier. If the DXY has completed its pullback and it starts to go long earlier, this pair could give us a great insurance entry for the sells that will be manageable into the low. I am using EU/GU and the DXY in line with each other monitor development into London session and look at the possibility of there being an earlier short entry.

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