10.08.26 Daily ForecastAustralian Dollar vs. US DollarFX:AUDUSDJordanWillsonPairs on Watch - EURUSD : This pair is positioned very nicely for the sells, with the volume previously built up below and price scooping back up to the high almost in an M style, we can see the extension that has formed in the shape of a 123. The ray line being the line in the sand, if that breaks impulsively I will look for a 15M continuation short. If not and price builds more of a bull flag, I will look for a small 5M hover insurance entry off the base due to the impulsively leg being one main candle. AUDUSD : I am very much open to the long and short on this pair, especially where the DXY is currently sitting. We may get a 1H bull flag form showcasing a failure of the sell structure to the left, in which case I will look for a risk entry long and manage into the next high above for a simple 3:1. If not and price breaks impulsively through the ray line below, I will look for a 15M continuation to confirm the sell and get short. The DXY will play a large part in this setup either way.