04.08.26 Daily Forecast

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04.08.26 Daily ForecastEuro vs. US DollarFX:EURUSDJordanWillsonPairs on Watch - EURUSD : I currently have a reduce risk entry set on this pair pre-London for the short. We can see the DXY has tagged the lows and closed with a strong bullish retrace to the upside, this gives us an opportunity to get short on this pair after it has formed a deliberate 1H stack through Asia. I am also monitoring GBPUSD alongside this as they are both sister pairs moving very similar. GBPCAD : We can see a similar M style setup like we have on EURUSD that could now be in play on GBPCAD. I was looking for the longs yesterday on this pair, however the 4H sold off impulsively through the base of the bull flag and is now correcting on the 1H. We can see a deliberate impulsive, correction, impulse that could be shaping up right now, so I will be looking at this in correlation with EURUSD and whether my order is triggered or not, and if I have to filter where my focus go then I will. AUDNZD : Right now the daily is not fully confirmed, but this could be a great opportunity for an early long whilst price is positioned so well. An expanding can be seen with price now at the third touch, however with a clear impulsive leg to the upside, if price develops a 1H bull flag here over the next 4-5 hours, I will filter to the 15M and look for a risk entry long. Potential here for a longer term hold once the higher timeframe starts to kick in.