AUD/CAD 4H - As you can see above I have gone ahead and marked out my thoughts with this pair and how I feel price will play out over the course of the next trading week.
This last week has been slow in terms of volume but we should see that pick up as we have plenty of fundamentals due to be released. I want to see price break structure giving us the confirmation that the trend is changing.
We will have additional confluence as price has traded into the level of Demand also, giving us more evidence to suggest that the Supply & Demand balance has flipped and is now in favour of Demand.
Once we have been delivered with the BOS I then want to see price trade us back down and into a fractal area of Demand that will be found within the impulse that broke structure initially.
When price trades into this fractal area of Demand, we will again wait for a fractal break and then look to enter in, in this market taking part in long opportunities.
This last week has been slow in terms of volume but we should see that pick up as we have plenty of fundamentals due to be released. I want to see price break structure giving us the confirmation that the trend is changing.
We will have additional confluence as price has traded into the level of Demand also, giving us more evidence to suggest that the Supply & Demand balance has flipped and is now in favour of Demand.
Once we have been delivered with the BOS I then want to see price trade us back down and into a fractal area of Demand that will be found within the impulse that broke structure initially.
When price trades into this fractal area of Demand, we will again wait for a fractal break and then look to enter in, in this market taking part in long opportunities.