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Daily Watchlist for FX:EURNZD by JigsGaudiel

EURJPY
**My Forecasts**

price is approaching a daily high for a potential daily double top and price is getting there for a possible ending structure for a sell

– if price correctively move to the 3rd touch and complete the ascending channel will be looking for a risk entry or a phase line break on the 3rd touch but if price get messy at the areas will be looking for a push down and take a 15min or h1 flag

– alternatively price doesn’t need to complete the ascending channel if price has a solid rejection off the over ride of the pattern will be looking for push down and take a h1 flag only off of the over ride

NZDJPY

**My Forecasts**

as price had rejected off the daily double top and seem to be breaking out of the ascending channel price is now developing a potential larger flag for one move move to the down side

– price is now sitting on the double top of the larger flag and price is getting very corrective at the areas, if price breaks back into the pattern will be looking for a 15min or h1 flag to get involve given if I have enough room to manage my stop just before the bottom of the larger correction

– alternatively if I don’t get an entry with the larger correction will be looking for an impulsive break out of the pattern and take a clean h1 flag ideally with 2 top and 2 bottom filtered on the 15min

EURNZD

**My Forecasts**

price is contained with a daily ascending channel as a larger correction coming for a daily move to the down side, price has the potential to complete the 3rd touch of the pattern for the bigger sell but as price is creating a large correction on the over ride of the pattern we could also see a possible short term buy to the 3rd touch of the pattern

– as price is developing a larger bull flag at the over ride of the pattern for a short term buy will be looking if price move to the bottom of the bull flag correctively will be looking to take a phase line break or a RE, but if price get messy at the areas will be looking for rejection and take a flag with in a flag either on the 15min or h1

– alternatively if we don’t get a entry for the short term buy and price just keep correction to the 3rd touch of the ascending will be looking for a short if price get to the 3rd touch with a nice LTF 123 reversal pattern with a risk entry or a phase line break on the 3rd touch, but if price get messy at the areas will be looking for a rejection and take a15min or h1 flag

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