08.09.26 Daily Forecast

New Zealand Dollar / U.S. Dollar yesterday 2 5 Grab this chart Grab this chart 10 10 370 Pairs on Watch - NZDUSD : So far this is developing as forecasted in the SMB at the weekend. We have a healthy 50% pullback with this structured 123 drive into the volatility wick from last week. The higher timeframe makes a lot of sense for that next leg higher and now it is a case of waiting for the entry. I will be looking for a simple 15M insurance entry for the long once the 1H has followed through. AUDCAD : This pair is positioned really well for both the long and short at the moment. We can see price left a gap to the main value area, however it is showing its hand on the 4H with some decent sell pressure. If we get an impulsive break of the low to the left, I will look for a 15M flag to get short and manage into the lows. If not and the low holds, we could be seeing a base for the bull flag and an insurance entry for the longs, becoming a larger expanding into the highs. GBPUSD : This pair is interesting as it looks to be building a bull flag for the long, but when diving a little deeper we can see the internals are quite bearish. For this reason and the DXY potentially pulling back deeper, I am keeping my focus more so on the sells from the main value area. Once we reach this area a straight forward insurance entry can be applied here, and also monitoring the DXY closely as price develops into the area. JordanWillson Follow Following Also on : Chart Patterns Harmonic Patterns patterns patternsandstructure priceaction priceactionanalysis priceactiontrading structure structureanalysis structure-trade structuretrading Trend Analysis 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 . Chart Patterns Harmonic Patterns patterns patternsandstructure priceaction priceactionanalysis priceactiontrading structure structureanalysis structure-trade structuretrading Trend Analysis JordanWillson Follow Following Also on : 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 .