First I would like to mention to my followers about the chart I posted two days ago i.e Aud/cad. Take a look at the chart here
I post this update ahead of BOC rate statement But what background is telling should be the primary need of a trader, to see whether the "Imbalance" is still presence in the market and when we see Primary breakouts out of ranges and look to spot "Reversals", the we need to spot that Imbalance first which shows that strong holders are still present in the market and They will buy if there is strong sellers going against them, and then we see spikes and that is what is necessary for a trader to enter with Low risk and usually cover position if that fades out quickly
Updated chart of Aud/cad
If we see another attempt to buy and see possible accumulation, after that activity and market end the day on lows which shows that Market might have again gone against the strong holders and With Background earlier shows a sign of strong seller, Then need to spot out logic and aggressive trading is name of such activities and We just need to spot out momentum , If it offered after breakout and market usually don't hold for too long that area and rally strongly afterwards in panic and Strong holders will buy with even much force
