AUDCAD IN A SELL TRADE ATM BOTH PAIRS ARE AUCTION Week 1
AUDCAD Sell Trade (Week 1)
I entered a sell trade on Friday based on the following criteria:
Unmitigated supply zone: A previously untested area of supply where sellers are likely to regain control.
Change of Character (CHOCH): A confirmed shift from a bullish to bearish structure, signaling a potential reversal.
Price is going against me but my SL zone is still at the ATR level.
Fundamental Context
Both AUD and CAD are currently in an auction phase, meaning price action shows indecision, with opportunities for both buy and sell trades. In this type of market, I remain flexible and open to adapting my bias as the structure evolves.
https://www.tradingview.com/x/5ycJLFml/
I entered a sell trade on Friday based on the following criteria:
Unmitigated supply zone: A previously untested area of supply where sellers are likely to regain control.
Change of Character (CHOCH): A confirmed shift from a bullish to bearish structure, signaling a potential reversal.
Price is going against me but my SL zone is still at the ATR level.
Fundamental Context
Both AUD and CAD are currently in an auction phase, meaning price action shows indecision, with opportunities for both buy and sell trades. In this type of market, I remain flexible and open to adapting my bias as the structure evolves.
https://www.tradingview.com/x/5ycJLFml/
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