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tokelohomi
May 21, 2023 10:40 AM

Market structure 

Australian Dollar/Canadian DollarFXCM

Description

Price has been moving in a corrective manner to the downside, structures were broken and the continued with this corrective bearish move until the 0.89255 low which also created a demand zone. The the market pushed aggressively up and nicely mitigated the 4h order block. The market started to significantly decrease, hence we have this current scenario. The idea here is for price to continue dropping and mitigate the demand zone which will provide a nice opportunity for buyers…
Comments
mulaudzimpho
Always check day1 time frame support n resistance,nice1
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