CHoCH - Orderblock Entry

٣١ ديسمبر ٢٠٢٢

AUDCAD after breaking quite strong resistance in a contraction phase seem to form reasonable CHoCH, which then has also formed a rejected orderblock demand zone. Now we have to see supporting the bullish orderflow will it take on to the mitigation and will buyers fill enough to push the price.

Price could also give a SNR scenario if price keeps onto the first orderblock