Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD.
Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term.
CADJPY:
Bullish trend continuation after a structural reversal.
Look to buy after every pullback above 117.50.
GBPUSD:
Intraday downtrend.
Strong momentum high yesterday.
Sharp rejection during the New York session.
Expect price to trade below 1.2620 after a correction.
AUDUSD:
Strong downtrend.
Directional bearish wave structure.
Look for a correction to break above wave structure 4 before shorting.
High probability of a new momentum low below today's current low.
