11.05.26 Daily Forecast

315
Pairs on Watch -

NZDUSD : Price on the higher timeframe is moving in a simple 123 fashion to the upside, this would rely on the DXY selling into the low for this to move higher but it makes sense. We do have a bit of structure to work with on the 1H retesting previous highs, now I am just waiting for the third touch to be met and see if we get a move off into a lower timeframe insurance entry for the longs.

USDCAD : I am waiting for price to reach up to the highs filling all of the small gaps price left last week, once these are filled I will see how price reacts at the highs and whether we get that sell reaction. If the 1H breaks back in, I will then look for the lower timeframe continuations to get short in line with the higher timeframe and aim for a target of the major low.

NZDCAD : Such a clean structure developing on the daily timeframe that we have to work with, and now it is just a case of waiting for the market to come to us and once it shows its hand we can look for those stacks in price early in the run for the shorts. Multiple opportunities for us to get involved on the run down if the market commits, which could be a great sell leg for us.

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