The HTF (4hr) is currently bearish but is currently pulling back into HTF POIs
The MTF (15m) is bullish which aligns with the HTF pullback phase
Waiting for the MTF to enter the POI and waiting for a LTF (1m) CHoCH with entry on a 5m OB with imbalance.
The following confluences allowed me to come to the conclusion that GU will be selling at the order
Confluences
1. Rally Base Drop = Reversal
2. Failed Demand
3. Price Cycle - Consolidation, expansion, RETRACEMENT, into the reversal
4. Liquidity below the entry OB
5. Imbalance that needs to be filled in
6. Entered HTP OB and created a CHoCH
I believe that AUDCAD is going long for a bit. According to the overall weekly, AUDCAD has been breaking structure to the up side. The market is currently within the daily 50% golden zone. Going down to the lower time frame, there has been a break of structure and liquidity formed to be taken out. Waiting for the market to take out liquidity and enter on the OB
A potential sell opportunity for AUDCAD. As you can see, the market took out the liquidity of the high and proceeding take out the low also. Waiting for the market to come back and test my area that has 3 confluences.
