NZDCAD BEARISH STRUCTURE
My bearish sentiment on NZDCAD are backed by the following
confluences-
1) Market structure (BOS), 2) OB-supply, 3) Imbalance, 4) Liquidity.
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure lower showing a
continuation in the bearish trend, and now price has started
retracing back up but first filling up the imbalances, now i am
waiting for price to reach my main point of interest which is the
orderblock supply above @0.80600 to mitigate it. If price successfully
reaches my orderblock supply zone and tends to respect to that
supply zone, two things will likely happen there which are either
price drops off without given me an entry structure on the lower
timeframe(LTF) or it gives me an entry structure on the lower
timeframe. But i will only execute the trade if I see my lower
timeframe entry structure/model which is a-(HH,HL,HH,LL). Then if
this structure emerges successfully i will then look for my lower
timeframe supply level and imbalance as entry point to execute with my stop loss placed on the lower timeframe supply candle’s high then targeting a
1:3 minimum target with respect to whatever value my stop loss is, and my final target is the liquidity below which is @0.80220
Note: the financial market is all about probabilities, which also
makes my analysis also a probability.
confluences-
1) Market structure (BOS), 2) OB-supply, 3) Imbalance, 4) Liquidity.
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure lower showing a
continuation in the bearish trend, and now price has started
retracing back up but first filling up the imbalances, now i am
waiting for price to reach my main point of interest which is the
orderblock supply above @0.80600 to mitigate it. If price successfully
reaches my orderblock supply zone and tends to respect to that
supply zone, two things will likely happen there which are either
price drops off without given me an entry structure on the lower
timeframe(LTF) or it gives me an entry structure on the lower
timeframe. But i will only execute the trade if I see my lower
timeframe entry structure/model which is a-(HH,HL,HH,LL). Then if
this structure emerges successfully i will then look for my lower
timeframe supply level and imbalance as entry point to execute with my stop loss placed on the lower timeframe supply candle’s high then targeting a
1:3 minimum target with respect to whatever value my stop loss is, and my final target is the liquidity below which is @0.80220
Note: the financial market is all about probabilities, which also
makes my analysis also a probability.
Penafian
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