NZDCAD Sell position setup
NZDCAD 4H
This is a classic inducement model that mostly occures on a powerful trend. We have a supply zone that was formed after price reacted from another valid zone above and breaking structure.
Price has been ranging below our supply zone hoping to collect as much liquidity as possible. Setups like this do not have confirmation as they are looked at as reversal setups and are perfectly executed like this through SMC trading strategy.
📉I shared this as part of my weekly setups. Our risk reward is atleast 1:5. Trades can be entered through risk entry ,(limit orders) or instant execution (manual/confirmation entry)
This is a classic inducement model that mostly occures on a powerful trend. We have a supply zone that was formed after price reacted from another valid zone above and breaking structure.
Price has been ranging below our supply zone hoping to collect as much liquidity as possible. Setups like this do not have confirmation as they are looked at as reversal setups and are perfectly executed like this through SMC trading strategy.
📉I shared this as part of my weekly setups. Our risk reward is atleast 1:5. Trades can be entered through risk entry ,(limit orders) or instant execution (manual/confirmation entry)
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