Type
Live
Date
April 22, 2022
Pair
#usdcad
TP1
5
TP2
8.5
Concepts
#ZigZag#qml#Fib_Retracement#Nested_Blocks
BIAS & PAZ
SETUP
HINDSIGHT
TRADE RESULT
SUMMARY
On the 4H chart we can see the big impulse after the market cleared #liquidity. Price corrected in a #zigzag right to the 78 #fib_retrace which happens to be the #qml level. Now we have a Bias and a PAZ and all we need is an entry pattern. On the 15min we see price dropping the lows, before moving higher and breaking structure. We see a breaker block as well as an order block to form #RP15 Although we took profit at the 5R marked, if you held it for new highs you could've easily banked 8.5R