How are you mate?Today I've come up with a nice setup of the weekly chart
1.We see breaking of trendline indicating buyers are lossing momentum to move price up higher.The momentum is lossing and institutions are taking profit, liquidity has gained amd now has shifted to a bearish momentum
2.We are able to identify a Drop Base Drop(DBD) showing the downward momentum gaining
3.When the yellow line breaks,We are counting on that move since that's the MAJOR zone the institution will be gaining momentum,thiswill cause an impulse move in the yellow line, mainly wicks.
4.From now probably till 2022,We only look forward to SELL-AUD CAD only
1.We see breaking of trendline indicating buyers are lossing momentum to move price up higher.The momentum is lossing and institutions are taking profit, liquidity has gained amd now has shifted to a bearish momentum
2.We are able to identify a Drop Base Drop(DBD) showing the downward momentum gaining
3.When the yellow line breaks,We are counting on that move since that's the MAJOR zone the institution will be gaining momentum,thiswill cause an impulse move in the yellow line, mainly wicks.
4.From now probably till 2022,We only look forward to SELL-AUD CAD only