FX.co ★ AUDCAD

*AUDCAD 1H Analysis: Aussie Cad At 0.98522, Above 0.983 EMA200, Targeting 0.98820 Supply or 0.97950 FVG + Risk Plan* AUDCAD just flipped. After sweeping the green *DEMAND ZONE* 0.97350-0.97500, price printed *CHoCH + BOS* and reclaimed EMA200 at 0.98305. Current _0.98522_ is now coiling under the purple *BEARISH OB* 0.98600-0.98720. *SMC Concept Breakdown* *1. Key Levels* *SUPPLY ZONE (STRONG RESISTANCE)*: 0.98820 - 0.98950 - Red box. EQH liquidity *BEARISH OB*: 0.98600 - 0.98720 - Purple box. Immediate resistance *EMA 200*: 0.98305 - Blue line. Price above = bullish bias *FVG (FAIR VALUE GAP)*: 0.97950 - 0.98050 - Light blue box. Pullback target *DEMAND ZONE (STRONG SUPPORT)*: 0.97350 - 0.97500 - Green box. Liquidity sweep area *2. Market Structure* *CHoCH*: Red label. Change of Character to bullish *BOS*: Green label. Confirmed bullish BOS *Last BOS*: Bullish BOS. Recovery started *Current Phase*: Re-Accumulation / Markup *Trend LTF*: _Bullish Recovery_ per your notes *Bias*: _Buy on Dip_ *SMC ZONE LEGEND*: Supply = Resistance | Demand = Support | OB = Order Block | FVG = Fair Value Gap *3. Trade Setups From Chart* *LONG SETUP* *Entry*: Buy from FVG 0.97950 - 0.98050 or Retest of EMA 200 *SL*: Below 0.97500 *TP1*: 0.98600 OB Low | *TP2*: 0.98820 Supply Zone | *TP3*: 0.99000

*SHORT SETUP* *Entry*: Sell from OB 0.98600 - 0.98720 *SL*: Above 0.99000 *TP1*: 0.98050 FVG | *TP2*: 0.97500 Demand Zone | *TP3*: 0.97100 *Two Scenarios:* *Bullish Scenario*: Green arrow. Hold 0.983 EMA200 → break 0.98600 OB → run to 0.98820 → 0.99000 *Bearish Scenario*: Red arrow. Reject 0.98600 → fill FVG 0.97950 → drop to 0.97500 Demand *Market Outlook* Bias: _Bullish while above 0.98305. Bearish below 0.97950_ Scenario A: Break 0.98600-0.98720 → TP1 0.98820 → TP2 0.99000 Supply Scenario B: Pullback to 0.97950 FVG → bounce → 0.98600 retest Scenario C: Lose 0.97500 → drop to 0.97100 *Risk Management* Risk only 1-2% per trade. Long Plan_: Buy 0.98000 FVG/EMA200 retest *Entry*: 0.98000 | *SL*: 0.97500 | *TP1*: 0.98600 | *TP2*: 0.98820 | *TP3*: 0.99000 Rule: Move SL to BE after TP1. Trail above higher lows Invalidation_: 1H close below 0.97500 = bullish thesis dead