This could be a monster 20:1 - AUDCAD

There are still some things that need to happen for this:

1. I'd like to see a strong move down right into the red line (bullish point of control)

If we get that, that will be a good sign of trap behavior, especially because price just attack obvious swing lows (light blue arrow line)

a lot of people will be looking short while the banks buy at the red line.

NOTE we don't know if the banks actually have orders there, so I will be waiting for an entry trigger on the 5 minute (harmonic) or a bullish candle to reverse on the trap move.

If we get this, we could see a run up to .9105 because the banks built a position in the purple box, the spike price higher to grab retail liquidity.

If they do want to push AUDCAD down long term then they should need to close that purple box out or else they will be losing money.

AUDCAD: watch listing for now but could give an entry this week or early next.

EURCHF is in a similar setup