Daily Watchlist NZDCAD NZDJPY
NZDCAD
**My Forecasts**
as price had broken out from a daily ascending channel price is now developing a possible larger daily correction for a short term sell to take price to the lows of the pattern
- currently short from the double top of the expanding will be managing my 1st position accordingly and if price develops a clean 15min or h1 flag after the rejection from the double top and break oh the ascending channel will be looking for a scale in given if I have enough room to manage my stop and RR is enough till the daily lows
- alternatively will see how price behave at the daily double bottom if price develops a 123 reversal pattern at the areas will be looking for a Re or phase line break at the 3rd touch but failing that will be looking for a push up and 15min or h1 flag
NZDJPY
**My Forecasts**
price seem to be developing a large daily correction after a daily impulsive move to the upside, but current price action is developing an ascending channel heading to the double top of the potential daily correction for a short term sell to the down side
- if price complete the 3rd touch of the ascending channel breaking above the double top of price develops a clean 123 reversal pattern on the LTF will be looking for a RE or phase line break at the 3rd touch, but failing that will be looking for a push down and a 15min or h1 flag if we get a clean rejection from the areas
- alternatively if price doesn't make it all the way to the 3rd touch of the pattern if price break above the double top and breaks back in will be looking for a h1 flag only to play the over ride
**My Forecasts**
as price had broken out from a daily ascending channel price is now developing a possible larger daily correction for a short term sell to take price to the lows of the pattern
- currently short from the double top of the expanding will be managing my 1st position accordingly and if price develops a clean 15min or h1 flag after the rejection from the double top and break oh the ascending channel will be looking for a scale in given if I have enough room to manage my stop and RR is enough till the daily lows
- alternatively will see how price behave at the daily double bottom if price develops a 123 reversal pattern at the areas will be looking for a Re or phase line break at the 3rd touch but failing that will be looking for a push up and 15min or h1 flag
NZDJPY
**My Forecasts**
price seem to be developing a large daily correction after a daily impulsive move to the upside, but current price action is developing an ascending channel heading to the double top of the potential daily correction for a short term sell to the down side
- if price complete the 3rd touch of the ascending channel breaking above the double top of price develops a clean 123 reversal pattern on the LTF will be looking for a RE or phase line break at the 3rd touch, but failing that will be looking for a push down and a 15min or h1 flag if we get a clean rejection from the areas
- alternatively if price doesn't make it all the way to the 3rd touch of the pattern if price break above the double top and breaks back in will be looking for a h1 flag only to play the over ride
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