Bullish sentiment

2023年11月29日

My bullish sentiment on NZDCAD are backed by the following
confluences-
1) Market structure (BoS), 2) IMB-Demand, 3) Imbalance.
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure higher showing a
continuation in the bullish trend, and I will be expecting price to
retrace back down to first fill up the imbalances, and after that I’ll be
waiting for price to reach my main point of interest which is the
Demand below to mitigate it. If price successfully
reaches my Demand zone and tends to respect that
Demand zone, two things will likely happen there which are either
price buys off immediately which I’ll already be in on the trade with my first entry placed at the mid range of the demand or it gives me my basic entry structure on the lower
timeframe which is a-lower low,lower high, lower and then a higher high. Then if this emerges successfully I’ll have my second entry placed on any demand formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:3 each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis also a probability.