Hi traders, Max here with a second chart to share today!
Similar like the AUD/CAD play, I am waiting for price to also reach the AUD/USD supply zone shown on my chart. Of course the similarities are clear, and the correlation is high. Yet, it is possible that one of the two chart develop nicer on the lower-timeframes, doubling the potential to see a clean and nice setup to execute.
This is one of the reasons that I always like to check pairs that are similar or correlated with eachother, all because my lower time-frame criteria is very strict!
Let's see how it shapes up.
Kind regards,
Max Nieveld
Similar like the AUD/CAD play, I am waiting for price to also reach the AUD/USD supply zone shown on my chart. Of course the similarities are clear, and the correlation is high. Yet, it is possible that one of the two chart develop nicer on the lower-timeframes, doubling the potential to see a clean and nice setup to execute.
This is one of the reasons that I always like to check pairs that are similar or correlated with eachother, all because my lower time-frame criteria is very strict!
Let's see how it shapes up.
Kind regards,
Max Nieveld