USD/CAD, Potentail moves to the up and downside
Daily: Price has broken D, BOS to the upside, making structured HH's and Lows.
Price is above the 50 and 100 EMA.
4H: Price is making HH's and HL's towards the upside.
Price has broken 4H structure to the upside reacting off demand zones throughout.
Price is currently reacting within a strong 4H Demand POI,
1H: Price is within a downtrend, having recently broken structure,
Below 50 and 100 EMA,
Price is currently bearish pushing lower within the 4H POI,
Assessment: if price breaks-through the POI, I will look for a re-test of a supply zone.
Price is above the 50 and 100 EMA.
4H: Price is making HH's and HL's towards the upside.
Price has broken 4H structure to the upside reacting off demand zones throughout.
Price is currently reacting within a strong 4H Demand POI,
1H: Price is within a downtrend, having recently broken structure,
Below 50 and 100 EMA,
Price is currently bearish pushing lower within the 4H POI,
Assessment: if price breaks-through the POI, I will look for a re-test of a supply zone.