AUDCAD H4 Picture
Price has broken out of the Red Downtrend line while creating a QML pattern. We have multiple Break of Structure (BOS) with price breaking previous Lower Highs (LH).
The Market is now in Uptrend mood, but the Supply Zone at 0.9300 was able to stop price and cause a retracement. We have equal lows formed at the 0.9160 Mitigation Order Block, which is very suspicious.
The Best Places to buy are the two Blue Demand Zones with the Yellow Mark. The confluence in those areas is beautiful.
The First Zone is at the 0.9100 price level while the Second Zone is at the 0.9000 Key Institutional Level.
Price has broken out of the Red Downtrend line while creating a QML pattern. We have multiple Break of Structure (BOS) with price breaking previous Lower Highs (LH).
The Market is now in Uptrend mood, but the Supply Zone at 0.9300 was able to stop price and cause a retracement. We have equal lows formed at the 0.9160 Mitigation Order Block, which is very suspicious.
The Best Places to buy are the two Blue Demand Zones with the Yellow Mark. The confluence in those areas is beautiful.
The First Zone is at the 0.9100 price level while the Second Zone is at the 0.9000 Key Institutional Level.