USDCAD sept 27 2023 sell

As you can see, there is a shift in market structure 1H TF.

Before going further, there is also same scenario if you checked daily TF---> BOS and then going lower.

I waited for the level highlighted with institutional candle due to the fact that it sponsored the price to go lower. Upon checking I also see BOS following validity structure :)

After that I go to lower timeframe 15min ( where I would normally enter).

RR: 1:10

wyckoff distribution with validity/evidence.

You can also check the chart for more information.

Happy learning!
forexsetupFundamental AnalysisTechnical IndicatorssmartmoneyconceptsupplyanddemandanalysicsWave Analysiswyckoffdistribution

Disclaimer