On the daily timeframe, AUDUSD is on a clear downtrend with potential on breaking out because wave Y is over. On H1, there’s a wave 1 impulse move, so we need to see a correction before another impulse move to the upside. I’m tarring the 0.382 of the Fibonacci level.
A bearish divergence was formed, market structure broken to the downside, and area is strong supply zone. I expect USDCAD to drop to the recently formed liquidity area.
EURCAD potential buy setup, 61.8 Fib zone, demand area.
EURUSD BUY SETUP EU created a bearish divergence on H4 and an imbalance around potential entry area has been balanced.
This my eurusd buy bias, do your own analysis before taking this trade, thanks.
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