My usdcad bullish view
USDCAD
Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity.
4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap.
Above price, we have multiple buyside liquidity and fair value gap which serve as a draw on liquidity for price.
I expect price to fill the fair value gaps above and take out the buyside liquidity.
Entry: I will set my buy limit order at around 1.31662 ote level.
Stop loss: My stop loss will be place around 1.31128 zone below the swing low.
Take profits: My final take profits will be at 1.36516.
But I will take partials along the way as price take out each of those swing highs on the way.
Do follow me for more updates like this.
USDCAD
Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity.
4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap.
Above price, we have multiple buyside liquidity and fair value gap which serve as a draw on liquidity for price.
I expect price to fill the fair value gaps above and take out the buyside liquidity.
Entry: I will set my buy limit order at around 1.31662 ote level.
Stop loss: My stop loss will be place around 1.31128 zone below the swing low.
Take profits: My final take profits will be at 1.36516.
But I will take partials along the way as price take out each of those swing highs on the way.
Do follow me for more updates like this.
Trade closed: target reached
Comment:
USDCAD is currently having a pull back, going to discount PD arrays for smart money to buy at a discount price, which is where i will be buying as well.
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Let see what market will do this week.