The price is showing a bearish trendline, marked with purple dots. This indicates a bearish order flow. After the last break of structure (price took the last swing Low), we could wait for the price to retrace up to the OTE Level, mitigating the last Order Block of the impulse, and entering the Previous FVG, and completing the 1:1 Extension
Waiting for price to Break Structure, and then perform a Pullback to mitigate 1 Day OB, or 4H FVG.
Waiting for a pullback on Nasdaq, to mitigate the 1 Day Order Block, and fill of the Daily FVG.
Waiting for a Break of Structure, to then, look for the Pullback for possible Buys.
Waiting for a Break of Structure, to then, look for the Pullback and possible Long Entries.
Price mitigated a Daily OB, and showed a good reaction to it. Expecting bullish continuation.
Price mitigated a Daily FVG, and is showing strong bearish reaction to it. Expecting more shorts.
Price took Liquidity, OTE Level, and an FVG that was made on the last impulse. So now I am waiting for a bearish continuation.
Price mitigated a Demand Zone, and with this the pullback seems completed to me. I expect a bearish reaction.
Price mitigated previous Demand zone. I expect a bearish flow.
Price is testing a 4H Supply Zone, and already gave us a displacement on the 1H. Currently waiting on the OTE Level
I'd be interested to observe if the price initiates buy orders, capturing resting liquidity around previous highs, before transitioning to short positions. Let's wait
A pullback to the Optimal Trade Entry (OTE) Area, accompanied by a Fair Value Gap (FVG) formation on the 4-hour chart and favorable liquidity resting, could serve as a strong trigger for buy positions.
We're aiming for the price to reach the Optimal Trade Entry (OTE) Area, which also coincides with an (OB) and liquidity resting on the 4-hour chart. This convergence could potentially trigger buy signals.
Considering the bullish trend of USDCAD, it seems prudent to continue seeking buy opportunities, especially since it has already mitigated the Optimal Trade Entry (OTE) level. There's potential for another bullish rally. Conversely, if we anticipate a bearish week for the USD, our strategy would involve looking for short positions until liquidity areas are mitigated.
I anticipate a bearish week ahead, as I believe the price may need to mitigate a beautiful Fair Value Gap (FVG) on the 4-hour chart. Additionally, it could pull back to the Optimal Trade Entry (OTE) Area, where it might begin to gather confluences for potential buy opportunities.
The price may potentially begin to exhibit bearish signals as it enters the (OB) zone. Alternatively, we could await the mitigation of a Daily Fair Value Gap (FVG) and the emergence of short opportunities.
OTE has already undergone mitigation. However, there remains a portion of the FVG (Fair Value Gap) that could potentially provide the impulse to seek further short positions.