AUDCAD has been trending bearish for a while, and currently we have lots of liquidities resting below the weekly lows. However, we're currently experiencing a retracement to a supply zone at premium price, my approach is to continue bearish after the inducement of the 4HR OB with a new MSS confirmation on a low TF like 5min or 15min.
Confirmation is important as price could still liquidate the entire structure before the actual move occurs.
Confirmation is important as price could still liquidate the entire structure before the actual move occurs.