Instrument: CAD Futures • 1D • CME (inverse USDCAD)
The Setup
Pure technical. Price has put in a bottom formation — higher high, higher low — and is now sitting just above a clean demand zone. The thesis is simple: a fakeout under the recent low near 0.70935 that drives price into the demand zone is the entry.
Arrival Filter
Strong arrival only. An impulsive push into the zone — ideally reaching the entry area from 0.7105 today or tomorrow.
If price grinds lower in small steps, the idea is dead. Same if it hasn't triggered by Friday — automatically discarded. No exceptions.
Stop Loss: 0.7072. Below the zone. Clean break invalidates.
Take Profit: 1R at 0.7138. That's the plan. Bank it.
Context
Macro Score: ~0 — neutral. No tailwind, no headwind.
Seasonal: Nothing relevant.
Events: A few prints on the calendar (e.g. US JOLTS today). These can act as a trigger for the move — they are not a reason to wait or skip the setup. Place the order now; let the market decide.
Risk Note: This is a time-sensitive, arrival-dependent setup. No strong push into the zone = no trade. Don't force it.
The Setup
Pure technical. Price has put in a bottom formation — higher high, higher low — and is now sitting just above a clean demand zone. The thesis is simple: a fakeout under the recent low near 0.70935 that drives price into the demand zone is the entry.
Arrival Filter
Strong arrival only. An impulsive push into the zone — ideally reaching the entry area from 0.7105 today or tomorrow.
If price grinds lower in small steps, the idea is dead. Same if it hasn't triggered by Friday — automatically discarded. No exceptions.
Stop Loss: 0.7072. Below the zone. Clean break invalidates.
Take Profit: 1R at 0.7138. That's the plan. Bank it.
Context
Macro Score: ~0 — neutral. No tailwind, no headwind.
Seasonal: Nothing relevant.
Events: A few prints on the calendar (e.g. US JOLTS today). These can act as a trigger for the move — they are not a reason to wait or skip the setup. Place the order now; let the market decide.
Risk Note: This is a time-sensitive, arrival-dependent setup. No strong push into the zone = no trade. Don't force it.
Order cancelled
Full multi-TF zones + COT + Macro Bias + Seasonality → confluenceedge.net
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.
Full multi-TF zones + COT + Macro Bias + Seasonality → confluenceedge.net
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.