USDCAD: Bearish Structure with Rejection from Key Supply Arrays
Greetings Traders,
In today’s analysis of USDCAD, recent price action confirms the presence of bearish institutional order flow. As a result, we aim to align ourselves with this directional bias by identifying strategic selling opportunities.
Key Observations:
Weekly Timeframe Insight:
Last week's candle rebalanced a weekly Fair Value Gap (FVG), indicating internal range price action. As a rule of thumb, once internal imbalances are addressed, the draw typically shifts toward external liquidity—located at the swing low, where the weekly liquidity pool resides.
H4 Resistance Alignment:
On the H4 timeframe, price shifted bearish and has since retraced into a bearish FVG that aligns precisely with a reclaimed bearish order block. The alignment of these bearish arrays strengthens the case for continued downside, making this zone a high-probability resistance area.
Trading Plan:
Entry Strategy:
Look for bearish confirmation setups on the M15 or lower timeframes within the H4 supply arrays (FVG + OB confluence).
Target Objective:
The primary draw on liquidity lies within the discount range—targeting the liquidity pool below the most recent swing low.
For a detailed market walkthrough and in-depth execution zones, be sure to watch this week’s Forex Market Breakdown:
Stay patient, wait for your confirmations, and trade in alignment with the flow of smart money.
Kind regards,
The Architect 🏛️📉
In today’s analysis of USDCAD, recent price action confirms the presence of bearish institutional order flow. As a result, we aim to align ourselves with this directional bias by identifying strategic selling opportunities.
Key Observations:
Weekly Timeframe Insight:
Last week's candle rebalanced a weekly Fair Value Gap (FVG), indicating internal range price action. As a rule of thumb, once internal imbalances are addressed, the draw typically shifts toward external liquidity—located at the swing low, where the weekly liquidity pool resides.
H4 Resistance Alignment:
On the H4 timeframe, price shifted bearish and has since retraced into a bearish FVG that aligns precisely with a reclaimed bearish order block. The alignment of these bearish arrays strengthens the case for continued downside, making this zone a high-probability resistance area.
Trading Plan:
Entry Strategy:
Look for bearish confirmation setups on the M15 or lower timeframes within the H4 supply arrays (FVG + OB confluence).
Target Objective:
The primary draw on liquidity lies within the discount range—targeting the liquidity pool below the most recent swing low.
For a detailed market walkthrough and in-depth execution zones, be sure to watch this week’s Forex Market Breakdown:
Stay patient, wait for your confirmations, and trade in alignment with the flow of smart money.
Kind regards,
The Architect 🏛️📉
Trade active
Note
BREAKEVEN
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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.
Related publications
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.