NZDCAD on the 1H chart just completed a clean liquidity sweep below the previous day’s low. That long wick aggressively took out resting sell stops before price sharply reversed.
We’ve now seen a break of structure to the upside, showing a possible shift in market direction. Price is currently pulling back toward two visible imbalance zones (iFVGs), both sitting just below the previous day’s low.
If price trades into these iFVGs and gives us a clear bullish confirmation like a bullish engulfing candle, a rejection wick, or a strong break of structure on lower timeframes, we could look for continuation toward the liquidity above the highs.
📌 Key Levels
• Liquidity sweep below PDL
• Bullish break of structure
• iFVGs aligning as potential entry zones
• Final target: liquidity resting near 0.81900
🧠 Psychology Tip
The best trades don’t need to be forced. Wait for confirmation. A setup without a signal is just a theory. Protect your capital, trade your plan, and trust the process.
We’ve now seen a break of structure to the upside, showing a possible shift in market direction. Price is currently pulling back toward two visible imbalance zones (iFVGs), both sitting just below the previous day’s low.
If price trades into these iFVGs and gives us a clear bullish confirmation like a bullish engulfing candle, a rejection wick, or a strong break of structure on lower timeframes, we could look for continuation toward the liquidity above the highs.
📌 Key Levels
• Liquidity sweep below PDL
• Bullish break of structure
• iFVGs aligning as potential entry zones
• Final target: liquidity resting near 0.81900
🧠 Psychology Tip
The best trades don’t need to be forced. Wait for confirmation. A setup without a signal is just a theory. Protect your capital, trade your plan, and trust the process.
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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.
Related publications
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.