USD/CAD 4H - I am looking to go long on this market, I want to see price continue to correct itself down and into the Demand Zone I have marked out, this giving us the chance to get in with a refined entry.
We have seen price trade into the higher timeframe Supply Zone and reject from it, price has continued trade into this area which tells me that there is not enough Supply currently to flip the market.
Once price trades us down and into the Demand Zone I want to see price reject well, giving us the fractal break of structure we will need in order to have the confirmation of bullishness.
Once we have that I will be open to placing my long positions, until then, its important we sit on our hands and wait patiently for price to deliver us with the confirmation needed.
We have seen price trade into the higher timeframe Supply Zone and reject from it, price has continued trade into this area which tells me that there is not enough Supply currently to flip the market.
Once price trades us down and into the Demand Zone I want to see price reject well, giving us the fractal break of structure we will need in order to have the confirmation of bullishness.
Once we have that I will be open to placing my long positions, until then, its important we sit on our hands and wait patiently for price to deliver us with the confirmation needed.