USDCAD Order Block Long
Using the Mutli-Timeframe Order Block Finder (see below)
We're primed to take a USDCAD buy if price restests the purple 1h Order Block zone.
A retest is comprised of 3 important steps:
1. Price enters AND closes within the zone
2. Price exits AND closes outside of the region
3. Price continues to move in the opposite direction (don't need to wait for close as we want precise entries)
I'm waiting for a 15m retest and then I will place an entry on the 5m or 1m charts.
Remember, always have confirmations for every entry!
I like to use the Laguerre-RSI and Empirical Suite indicators to confirm momentum and volume.
We're primed to take a USDCAD buy if price restests the purple 1h Order Block zone.
A retest is comprised of 3 important steps:
1. Price enters AND closes within the zone
2. Price exits AND closes outside of the region
3. Price continues to move in the opposite direction (don't need to wait for close as we want precise entries)
I'm waiting for a 15m retest and then I will place an entry on the 5m or 1m charts.
Remember, always have confirmations for every entry!
I like to use the Laguerre-RSI and Empirical Suite indicators to confirm momentum and volume.
Trade closed: target reached
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Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
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.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
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.