05.10.26 Daily Forecast

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05.10.26 Daily ForecastU.S. Dollar Currency IndexTVC:DXYJordanWillsonPairs on Watch - AUDCAD : A very simple play here on this pair, as we can see after so much selling the previous couple of weeks price has come into a base and had an immediate 4H reaction for the longs. We cannot ignore this impulsive move and with price now stacking on the 1H, all we need is a little development and we are good to go. Once the top is more confirmed with this structure, I will wait for the base to be hit filling all of the small near misses and filter to the 15M for a risk entry long. Just to the first inflection point you are looking at over a 4:1 so the RR is very much there for us.