AUDCAD SWING

3 Kas 2023

Price appears to have hit a level of resistance after the 4hr break of structure. Patiently waiting on 1 of 2 setups to take place before going long. Setup 1 is a fib retracement to my golden zone before a continuation to the upside. Setup 2 is a deeper retracement for the liquidity grab at the equal lows before the continuation to the upside. Take profit for both setups will be the next weekly resistance level. Stops will depend on market structure at the time of entry.