FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Daily Setup
AUDCAD Has Shown Willingness To Go Lower

  • In The WEEKLY Timeframe It Took Out The Buy Stops And Traded in The WEEKLY Bearish Orderblock (0.95183 - 0.94507)
  • DAILY -Timeframe Price Formed A Bearish Divergence (07 Mar - 05 April 2022)
  • The Bearish Divergence Shows Price Making Higher Highs Whilst Oscillator Is Making A Higher High - Lower Higher
  • That Kind Of Divergence Also Shows Price Has Taken Out Old Highs , In This Case PMH
    /THE REST OF THE ANALYSIS SHOWS PREMIUM - DISCOUNT ARRAYS

  • In The 12 Hour Timeframe Price Has Formed A Trendline Phantom Which Will Be Taken Out In Order For Price To Trade To The Bearish Breaker Block

  • In The 8 Hour Timeframe Price Clearly Shows A Classic AMD Reversal

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Trade closed: target reached:
Quickly Repriced To The Bearish Premium PD Arrays With Over 250 Pips
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