USD/CAD Sell Continuation Key POI,
If price breaks through this demand zone, supply is still in control and price can continue towards the Daily Swing Low
Lower TF BoS to the up or downside will determine what price does next, breaking the 4H Swing Low will be crucial.
Sell limit placed to catch the pull back if price pulls back to the supply zone.
Smcconcepts
AUD/USD, potential for both sidesDaily Bearish, as structure has been broken to the downside.
4H is Bullish as a structure level has just been broken to the upside.
Price is Bullish on the 1H, if price breaks below the internal low causing CHoCH, this would be a good indication that the Daily Pullback is complete.
Price is yet to make it onto the premium zone which is also a point to note.
GBP/USD, Currently undecided Daily: Bearish, Pullback has begun, and price is currently ranging within Daily Swing Leg.
4H: Bullish as it has broken 4H structure to the upside.
Price has made a new HH and HL but is currently ranging within the internal high and low.
1H: Price is Bullish having broken structure tot he upside, currently ranging and within the premium,
price will need to drop into the discount or break above the 1H SH,
USD/CAD POTENTAIL ShortDaily: Bullish as it has broken Daily structure to the upside.
4H: Bearish, as it has been forming new Lower Higher and Lower Lows, breaking 4H structure.
1H Bearish as it has taken the 4H and 1H structure to the down side.
Assessment, waiting for price to break the internal low, pull-back breaking minor structure, then choch to the downside to give an entry signal. once reacted off a POI.
seeing the 1H SL and then the 4H SL break would give more confluence that we are to continue Bearish, only due to the daily technically being Bullish as price has broke to the upside.