SMC Trading point update
Technical analysis of USD/CAD Bullish Continuation Setup (4H Chart)
Technical Overview:
Instrument: U.S. Dollar / Canadian Dollar (USD/CAD)
Timeframe: 4-Hour
Current Price: ~1.4028
Bias: Bullish
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Chart Breakdown:
1. Fair Value Gap (FVG) Zone – Demand Area (Yellow Box):
Price recently filled the FVG and respected the 1.3970–1.3990 support zone.
This zone acted as a bullish mitigation area, showing institutional buying interest.
2. Structure Shift:
After consolidating, USD/CAD broke above short-term highs, confirming a bullish market structure shift (MSS).
The ongoing pullback into the FVG area could serve as a retest entry point.
3. Target Point:
Projected target is around 1.4124, aligning with previous liquidity highs.
This move suggests a potential +100 pips upside from current levels.
4. Trade Plan:
Entry Zone: 1.3980 – 1.4000 (on FVG retest)
Target: 1.4124
Invalidation: Below 1.3950 (if structure fails and price re-enters deeper range)
Mr SMC Trading point
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Trading Insight:
This setup reflects a Smart Money Concepts (SMC) bullish continuation pattern.
The market has broken structure to the upside and is likely to continue higher after a brief retracement into the fair value gap zone — targeting liquidity resting above 1.4124.
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Technical analysis of USD/CAD Bullish Continuation Setup (4H Chart)
Technical Overview:
Instrument: U.S. Dollar / Canadian Dollar (USD/CAD)
Timeframe: 4-Hour
Current Price: ~1.4028
Bias: Bullish
---
Chart Breakdown:
1. Fair Value Gap (FVG) Zone – Demand Area (Yellow Box):
Price recently filled the FVG and respected the 1.3970–1.3990 support zone.
This zone acted as a bullish mitigation area, showing institutional buying interest.
2. Structure Shift:
After consolidating, USD/CAD broke above short-term highs, confirming a bullish market structure shift (MSS).
The ongoing pullback into the FVG area could serve as a retest entry point.
3. Target Point:
Projected target is around 1.4124, aligning with previous liquidity highs.
This move suggests a potential +100 pips upside from current levels.
4. Trade Plan:
Entry Zone: 1.3980 – 1.4000 (on FVG retest)
Target: 1.4124
Invalidation: Below 1.3950 (if structure fails and price re-enters deeper range)
Mr SMC Trading point
---
Trading Insight:
This setup reflects a Smart Money Concepts (SMC) bullish continuation pattern.
The market has broken structure to the upside and is likely to continue higher after a brief retracement into the fair value gap zone — targeting liquidity resting above 1.4124.
---
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t.me/+zmgnHqUTiY8wMTU0
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Publicações relacionadas
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.