UnknownUnicorn86338539

UnknownUnicorn86338539

On the verge of CAD CPI news release, AUDCAD islooking bearish while the fundamentals show a bearish CAD hence i see a spike take out previous day low and tap into the daily order block before a sharp move to the upside taking previous day highs and perhaps moving towards the highs above it. Thats over 50 pips of price movement comment below whatyou think of this...

UnknownUnicorn86338539

Daily bias is bullish One of the key ICT concepts is that price moves from IRL(internal range liquidity) to ERL (external range liquidity). The price retraced back and filled the order block (IRL) at OTE level (fib level between 0.618 to 0.786) and reacted off it strongly. I expect price to seek liquidity above at 0.69500 Tell me what you think of this...

UnknownUnicorn86338539

Daily bias is bearish A. Price swept liquidity and displaced below it creating a FVG and a breaker. I expect price to fill these imbalances before moving lower to the order block at 1.08000. Thats my next target B. Price formed a double top pattern at the resistance zone at 1.12009 and made a breakout at the neckline at 1.10111 I expect price to retest this...

UnknownUnicorn86338539

In the daily timeframe, the price reacted off the daily FVG strongly and is currently in a bullish trend. The CPI and PPI news were bullish which saw price of Thursday and Friday move upward strongly. I expect price to come back to fill the 4H FVG in the displacement leg before continuing the bullish trend towards the all time high and possibly breaking through it.