In predicting market turning points, it is important to take note of market structure and location.
In AUDCAD, the market makers are willing to reprice or bargain that supply zone at a fair price, because price created a market liquidity void (a porous price action) that needs to be filled.
Risk to Reward >>> 1:7 190+ pips with 2% returns
Sell Limit --- 0.96917
TP1 --- 0.95863
TP2 --- 0.94999
SL --- 0.97192
Apply tight risk management.
PRICE IS EVERYTHING; SUPPLY AND DEMAND IS ALL THAT MATTERS ABOUT IT!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.