AUDCAD buy outlook
1. Daily downtrend, 4h retracement (uptrend).
2. 1h chart you can easyly spot euqal highs @ 0.90270 level and a gap what has not been filled yet.
3. I´m looking to etnry @ 1h FU candle open that took liquidity, what is @ price 0.89232, extra confirmation to me is that the FU candle is followed by an engulfing candle.
4. entry fibonacci retracement level 70.2% (discount level)
5. targeting 4h mitigation candle price 0.91017 (0.91000 whole level), which has not been tested yet, also it is in a a confluence with 4h imbalance.
6. Risk to reward 1:10.
2. 1h chart you can easyly spot euqal highs @ 0.90270 level and a gap what has not been filled yet.
3. I´m looking to etnry @ 1h FU candle open that took liquidity, what is @ price 0.89232, extra confirmation to me is that the FU candle is followed by an engulfing candle.
4. entry fibonacci retracement level 70.2% (discount level)
5. targeting 4h mitigation candle price 0.91017 (0.91000 whole level), which has not been tested yet, also it is in a a confluence with 4h imbalance.
6. Risk to reward 1:10.
כתב ויתור
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