This is the USDCAD 1d timeframe. Step by step process. Using market structure, order flow, Imbalance, supply/demand, and liquidity.
Apply market structure. From the left, 4h bos followed by 4h choch. 2 demand zones left, one decisional and one smaller (after the choch). The price left imbalance indicating a strong decisional zone. The daily bos followed by choch that tapped into demand before going up. Bos left another temporary order block behind. Price then changed character again and left supply at the top. ON the way down it tapped into decisional and then changed back to bullish. Notice how the price didn’t respond to every demand block on the way down. It is a pick and choose based on what is most likely, so use overall bias to make less errors. Bullish order flow on the way up, leaving lots of buy-side liquidity beneath it. Price break out of structure and taps into temporary supply. There is another demand block prior to the bos that price may tap into before going up and then going down taking out liquidity.
Apply market structure. From the left, 4h bos followed by 4h choch. 2 demand zones left, one decisional and one smaller (after the choch). The price left imbalance indicating a strong decisional zone. The daily bos followed by choch that tapped into demand before going up. Bos left another temporary order block behind. Price then changed character again and left supply at the top. ON the way down it tapped into decisional and then changed back to bullish. Notice how the price didn’t respond to every demand block on the way down. It is a pick and choose based on what is most likely, so use overall bias to make less errors. Bullish order flow on the way up, leaving lots of buy-side liquidity beneath it. Price break out of structure and taps into temporary supply. There is another demand block prior to the bos that price may tap into before going up and then going down taking out liquidity.