I spot a divergence on 5M outlook, which then price seem to reject as well giving to a possible orderblock entry and as well as a minor SNR level could be into play as well.
Although the SNR level is not so much clean but to stand more chance is the Divergence as the dominant Reason.
Cons are the price is overall bullish and has just returned from mitigating a price structure and might push more to the upside to mitigate the minor extreme orderblock as AUDCAD mostly does.
Although the SNR level is not so much clean but to stand more chance is the Divergence as the dominant Reason.
Cons are the price is overall bullish and has just returned from mitigating a price structure and might push more to the upside to mitigate the minor extreme orderblock as AUDCAD mostly does.