Daily Watchlist
NZDJPY
**My Forecasts**
after price had rejected off the daily double top and broken out of a ascending channel price is not developing a larger correction before the next leg to the downside
- if price moved back up to the top of the larger correction will be looking for a RE or a phase line break at the triple top of the pattern but if price get messy at the areas will be looking for a push down and take a flag with in a flag either on the 15min or the h1
- alternatively if price decide to move down early and break out of the larger correction will be looking to take a h1 flag ideally clearing the lows looking left
GBPAUD
**My Forecasts**
price is contain within a expanding pattern on the daily but price seem to be developing a daily inner channel as well for price to go early
- as price is sitting on the over ride of the ascending channel and developing a h4 ascending on the over ride if price completes the 3rd touch of the channel will be looking for a Re or phase line break on the 3rd touch if price get there with corrective price action, but if price get messy at the areas will be looking for a push down and take a 15min or h1 flag given if I have enough room to manage my stop just before the bottom of the pattern
- alternatively price could still keep correcting and head all the way to the 3rd touch of the daily ascending channel and if price get there with a nice LTF 123 reversal pattern completing a pattern with in pattern will be looking for a RE on the 3rd touch or a phase line break but if price get messy at the areas will be looking for a push down and take a 15min or h1 flag
- but the most ideal entry is for price to keep correcting and break above the double top of the daily extension if price get to the areas with a LTF reversal pattern will be looking for a RE or a phase line break on the 3rd touch breaking above the double top but if price doesn't provide a RE entry will be looking for a push down and take the first flag either the 15min or h1 flag
GBPUSD
**My Forecasts**
as price is approaching the double top of the the daily and price is getting there with a nice h4 ascending channel for an ending structure at the value areas for a sell
- as price had rejected from the over ride of the pattern if price impulse break out of the ascending channel and develop a clean h1 flag with 2 top and 2 bottom ideally below the lows looking left will be happy to get involve for the sell
- but alternatively price could still reject and move all the way back to the 3rd touch of the pattern and complete the ascending channel breaking above the double top if price get to the 3rd touch correctively will be looking for a Re or a phase line break on the 3rd touch but if price doesn't provide a Re entry will be looking for a push down and take a 15min or h1 flag
- price doesn't need to complete the 3rd touch of the pattern if price rejects off the over ride will be looking for a h1 flag only off the over ride scenario
**My Forecasts**
after price had rejected off the daily double top and broken out of a ascending channel price is not developing a larger correction before the next leg to the downside
- if price moved back up to the top of the larger correction will be looking for a RE or a phase line break at the triple top of the pattern but if price get messy at the areas will be looking for a push down and take a flag with in a flag either on the 15min or the h1
- alternatively if price decide to move down early and break out of the larger correction will be looking to take a h1 flag ideally clearing the lows looking left
GBPAUD
**My Forecasts**
price is contain within a expanding pattern on the daily but price seem to be developing a daily inner channel as well for price to go early
- as price is sitting on the over ride of the ascending channel and developing a h4 ascending on the over ride if price completes the 3rd touch of the channel will be looking for a Re or phase line break on the 3rd touch if price get there with corrective price action, but if price get messy at the areas will be looking for a push down and take a 15min or h1 flag given if I have enough room to manage my stop just before the bottom of the pattern
- alternatively price could still keep correcting and head all the way to the 3rd touch of the daily ascending channel and if price get there with a nice LTF 123 reversal pattern completing a pattern with in pattern will be looking for a RE on the 3rd touch or a phase line break but if price get messy at the areas will be looking for a push down and take a 15min or h1 flag
- but the most ideal entry is for price to keep correcting and break above the double top of the daily extension if price get to the areas with a LTF reversal pattern will be looking for a RE or a phase line break on the 3rd touch breaking above the double top but if price doesn't provide a RE entry will be looking for a push down and take the first flag either the 15min or h1 flag
GBPUSD
**My Forecasts**
as price is approaching the double top of the the daily and price is getting there with a nice h4 ascending channel for an ending structure at the value areas for a sell
- as price had rejected from the over ride of the pattern if price impulse break out of the ascending channel and develop a clean h1 flag with 2 top and 2 bottom ideally below the lows looking left will be happy to get involve for the sell
- but alternatively price could still reject and move all the way back to the 3rd touch of the pattern and complete the ascending channel breaking above the double top if price get to the 3rd touch correctively will be looking for a Re or a phase line break on the 3rd touch but if price doesn't provide a Re entry will be looking for a push down and take a 15min or h1 flag
- price doesn't need to complete the 3rd touch of the pattern if price rejects off the over ride will be looking for a h1 flag only off the over ride scenario
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