USDCAD 4H Long Set up.
The 4H price has swept the previous 4H low & then reacted swiftly indicating this was a low liquidity raid on previous lows.
After the sweep of this low we can see price has had an impulsive bullish momentum leaving clear imbalance behind indicating price action will slowly return to this area to fill the gaps as we can see happening now.
We want price to come into our BUY ZONE at the 71.00% & 79.00% Fib Levels to look for buy positions.
Added confluence we have is the POC lining up perfectly in our Buy Zone highlighted.
Always wait for the closure of the 4H candle closure once price reaches our entry area to give added confluence to look for buys.
Stop Loss At The 100% Levels.
Take Profit 1 At The 0.00% Levels.
Take Profit 2 At The -0.27% Levels.
The 4H price has swept the previous 4H low & then reacted swiftly indicating this was a low liquidity raid on previous lows.
After the sweep of this low we can see price has had an impulsive bullish momentum leaving clear imbalance behind indicating price action will slowly return to this area to fill the gaps as we can see happening now.
We want price to come into our BUY ZONE at the 71.00% & 79.00% Fib Levels to look for buy positions.
Added confluence we have is the POC lining up perfectly in our Buy Zone highlighted.
Always wait for the closure of the 4H candle closure once price reaches our entry area to give added confluence to look for buys.
Stop Loss At The 100% Levels.
Take Profit 1 At The 0.00% Levels.
Take Profit 2 At The -0.27% Levels.