SMC Trading point update
Technical analysis of USD/CAD on the 1-hour timeframe. Let’s break down the analysis idea clearly:
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l Market Context
The overall trend is bearish, as price is trading below both the 50 EMA and 200 EMA, which are sloping downward.
The recent bullish correction appears to have been a retracement within the broader downtrend.
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Key Technical Insights
1. Bearish Structure:
Price broke below a previous low and confirmed a lower low (LL).
A small bearish flag or rising channel formed during the retracement — a common continuation pattern.
2. Supply Zone (Blue Box):
This zone represents the previous demand turned supply, where sellers re-entered strongly.
Price tapped into this area and sharply rejected, confirming supply dominance.
3. EMA Confluence:
Both EMA(50) and EMA(200) are above price, acting as dynamic resistance.
The rejection from the blue zone occurred around EMA confluence — a strong bearish confirmation signal.
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Projected Price Action
The structure suggests a minor pullback (to form a lower high) before continuing downward.
The drawn path shows price retesting a small intraday resistance area before resuming the drop.
Target Point: 1.39689 — near the next structural low / liquidity area.
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Trade Idea Summary
Bias: Bearish continuation
Entry Zone: 1.4010–1.4030 area (retest of minor resistance or broken structure)
Target: 1.3969
Stop-Loss: Above 1.4048 (above supply zone / EMAs)
Risk/Reward Ratio: Approx. 1:2.5 to 1:3 potential setup
Mr SMC Trading point
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Concept Summary
This setup follows Smart Money Concepts (SMC) logic:
Break of structure → Retracement into supply → Continuation in direction of the higher timeframe trend.
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Technical analysis of USD/CAD on the 1-hour timeframe. Let’s break down the analysis idea clearly:
---
l Market Context
The overall trend is bearish, as price is trading below both the 50 EMA and 200 EMA, which are sloping downward.
The recent bullish correction appears to have been a retracement within the broader downtrend.
---
Key Technical Insights
1. Bearish Structure:
Price broke below a previous low and confirmed a lower low (LL).
A small bearish flag or rising channel formed during the retracement — a common continuation pattern.
2. Supply Zone (Blue Box):
This zone represents the previous demand turned supply, where sellers re-entered strongly.
Price tapped into this area and sharply rejected, confirming supply dominance.
3. EMA Confluence:
Both EMA(50) and EMA(200) are above price, acting as dynamic resistance.
The rejection from the blue zone occurred around EMA confluence — a strong bearish confirmation signal.
---
Projected Price Action
The structure suggests a minor pullback (to form a lower high) before continuing downward.
The drawn path shows price retesting a small intraday resistance area before resuming the drop.
Target Point: 1.39689 — near the next structural low / liquidity area.
---
Trade Idea Summary
Bias: Bearish continuation
Entry Zone: 1.4010–1.4030 area (retest of minor resistance or broken structure)
Target: 1.3969
Stop-Loss: Above 1.4048 (above supply zone / EMAs)
Risk/Reward Ratio: Approx. 1:2.5 to 1:3 potential setup
Mr SMC Trading point
---
Concept Summary
This setup follows Smart Money Concepts (SMC) logic:
Break of structure → Retracement into supply → Continuation in direction of the higher timeframe trend.
---
Please support boost 🚀 this analysis
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(Services:✔️ JOIN Telegram channel
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
t.me/+zmgnHqUTiY8wMTU0
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.