USDCAD Long (1:36 RR)
- Price initiates by coming down, forming an imbalance
- Price then forms Sell Side Liquidity (SSL) which is then cleared when price goes lower (taking out SSL lows)
- Price then retraces sharply back up, forming displacement on the 5m
- Price forms a 3m Fair Value Gap (FVG) which occurs at a discount (<=50 FIB)
- Price comes back and mitigates this FVG and this is where we go long
- SL set a few ticks below the last candle that forms the Fair Value Gap (FVG)
- TP set to Buy Side Liquidity highs on the 1H TF
Enjoy :)
- Price then forms Sell Side Liquidity (SSL) which is then cleared when price goes lower (taking out SSL lows)
- Price then retraces sharply back up, forming displacement on the 5m
- Price forms a 3m Fair Value Gap (FVG) which occurs at a discount (<=50 FIB)
- Price comes back and mitigates this FVG and this is where we go long
- SL set a few ticks below the last candle that forms the Fair Value Gap (FVG)
- TP set to Buy Side Liquidity highs on the 1H TF
Enjoy :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.