AUDCAD possible short trade opportunity.
AUDCAD - 4Hr Major View
- 15 Min Entry
Price Took out the external by liquidity by Sweeping previous high in 4 Hr. Timeframe , and gave cemented candle below it ,
In 15 min Timeframe we have unmitigated premium zone , Plus we have fair Value Gap or Imbalance In that zone , so if price gives cemented candle after tapping on that FVG in 15 min TF. we can plan short entry ( if price doesn't give cemented candle or doesn't form any other entry criteria we will ignore this trade )
This trade is little risky because price already tested 4 Hrs. Discount area .
- 15 Min Entry
Price Took out the external by liquidity by Sweeping previous high in 4 Hr. Timeframe , and gave cemented candle below it ,
In 15 min Timeframe we have unmitigated premium zone , Plus we have fair Value Gap or Imbalance In that zone , so if price gives cemented candle after tapping on that FVG in 15 min TF. we can plan short entry ( if price doesn't give cemented candle or doesn't form any other entry criteria we will ignore this trade )
This trade is little risky because price already tested 4 Hrs. Discount area .