Reasons for entry; 1.Price bounced up from 200EMA on 15min timeframe 2.Price broke down channel to the upside 3.Price closed above a demand zone 4.RSI above 50
1. Price on a minor demand zone 2. Price above 200EMA inidcating a strong uptrend 3. Price just trapped enough liquidity and is ready for a strong upside 4. Price abve 50 on RSI indicating bullish strenght Target at zone of similar highs (previous supply zone)
Price below 50EMA, bearish momentum seen on volume indicator, close below S/R level, Stronger CAD than USD on correlation analyses
Candle close below 50EMA, Downtrend on higher timeframe, Stronger AUD than EUR on correlation analysis.