AUD/CAD 15M - It looks as though potential longs on this pair could be something we could look to take part in shortly, we just need to wait for the right confirmation before we look to enter in on this market.
I have gone ahead and marked out the BOS I would like to see before I look to place any positions on this pair. As we know a BOS of structure gives us the confirmation that one trend in ending and a new trend is starting.
As soon as we have been delivered with this break of structure I will wait for price to pullback as it should do initially to set its first higher low, once we have that this is where I will look to place my position.
All we want to see is for price to pullback into a fractal area of Demand, for price reject well from that zone showing signs of strength, breaking structure again more fractally, giving us all the confirmation we need in order to look for an entry.
I have gone ahead and marked out the BOS I would like to see before I look to place any positions on this pair. As we know a BOS of structure gives us the confirmation that one trend in ending and a new trend is starting.
As soon as we have been delivered with this break of structure I will wait for price to pullback as it should do initially to set its first higher low, once we have that this is where I will look to place my position.
All we want to see is for price to pullback into a fractal area of Demand, for price reject well from that zone showing signs of strength, breaking structure again more fractally, giving us all the confirmation we need in order to look for an entry.