week by week AUDCAD is up , for past 8 weeks
Can see that multi confluence of w1 support , w1 orange box, fib5 h4 box up flow has provided support for point 4.
On h1 , a 4 xh1 bear trap can be seen
ED channel is seen as well.
D1 candle is a strong hammer, all pointing to upside.
will look to take profit near potential DT.
More importantly, 1234 within 1234 is observed which allows a ‘ last chance” entry before boat leaves.
No qualms about losing this trade.
What was good about this trade exit was the small SL that was adhered to.