USDCAD Buying ideaAs indicated by the drawings. There are some things we need to understand .
1. The resistance zone one the Hour , and the 4 Hrs TF which are used for the analysis , rather intraday bias has been Violated .
2 observe keenly that after the break, there has been a undoubted close of the candle above the resistance zone showing that the bulkish market as per the breking hour is unchallenged.
3. Observe a consolodation of different players in the market structure has been observed prior the break
4. What we expect next after an impulsive move is a corrective move.
5. We wait for the bearish correction upto the last breaking structural zone to tap out the structural pool for a confirmation of the entries.
Unmitigated
Buyers need this liquidity. Multi-TF confluence short tradeEUR/CHF – 9.27
We are at the top of our HTF Supply zone where we are just breaking through the strong resistance at the top of a HTF symmetrical triangle. I’m not convinced of this breakout and am expecting this to be a liquidity pull above former structure. I see an opportunity here to short the liquidity grab and ride price back down into the triangle and toward required liquidity.
Why I think it’s going down short term:
1. We just created a major CHoCH on the daily and have yet to mitigate the major demand and liquidity zone that it created below
2. That same demand zone is sitting at a HTF support level so it is the ultimate liquidity source for bulls
3. We also just broke out of and retested a MTF ascending wedge which typically indicates a reversal in trend
4. Rejected at major resistance above - lacking liquidity to push higher
Good R:R trade opportunity considering we are at the top of potential reversal – LTF just made a CHoCH and we are awaiting a LTF Supply zone mitigation to enter our trade.
There is also a bigger R:R opportunity for our TP2 which is the bottom of the triangle and another strong HTF support level.
For this trade , we are awaiting a post-CHoCH reversal confirmation with a supply zone mitigation and LTF (5/1min) BOS
Stop loss is above our MTF (2HR) supply zone
TP1 at retest of upper triangle & HTF support level = 2.2 R:R
TP2 at retest of lower triangle support = 4.9 R:R
BTCUSDT LIQUIDITY STRUCTUREBTCUSDT price has been experiencing upward movement toward the previous SELL IMBALANCE & LIQUIDITY VOID created by previous sharp SELL OFF , so it is wise to consider SELL around these levels
Also price is reaching the BUY SIDE LIQUIDITY above previous EQUAL HIGHS at 32500
there are still strong UNMITIGATED SUPPLY LEVELS on the way and it is smart to consider SELL POSITION to the target of UNMITIGATED DEMANDS and FVG's around 24k$ to 20k$
If market want to become BULLISH it must clear the SELL SIDE LIQUIDITY first , which this HAS NOT HAPPENED yet , so I'm waiting for SELL ENTRY above previous EQUAL HIGHS to the target of DEMANDS from previous upward move that they pull the price down like GRAVIGY