Mar 25 • Executed Trades
USDCAD - LONG
USDCAD Trade Breakdown (Targeting 1:3 RR)
Currently, I’m targeting a 1:3 risk-to-reward setup on USDCAD, with both an aggressive and a conservative entry model in play.
USDCAD is showing overall bullish market structure. During the Frankfurt Open, price swept liquidity to the downside, taking out sell-side liquidity before shifting direction with strong bullish intent. This move resulted in a clear Break of Structure (BOS), confirming the shift in order flow.
Following the BOS, price retraced back into the origin of the move, effectively retesting the break of structure area. This pullback aligned with a Point of Interest (POI), where price also moved to mitigate a weak supply zone, creating a form of SMT divergence and trapping sellers who entered prematurely.
Once price completed the break and retest into the POI, bullish momentum stepped back in, confirming continuation and providing entry opportunities.
Entry Models:
- Aggressive Entry:The aggressive entry was placed at the market structure low within the break and retest zone. This entry anticipates the reaction from the POI without waiting for full confirmation, allowing for optimal positioning and a higher RR.Target: 1:3 RR
- Conservative Entry:The conservative entry was taken after confirmation, once price showed strong bullish intent and printed a secondary BOS to the upside. This provides additional confirmation at the cost of slightly reduced RR.Target: 1:2.5 RR
Key Takeaways:
- Liquidity sweep → BOS → retracement into POI
- Seller trap formed via mitigation + SMT concept
- Entry refinement based on confirmation vs anticipation
- Clear bullish continuation framework
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USDCAD - LONG
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