This is exactly why I separate bias from entry.
My NZDCAD bias is already bearish because of the structure.
But that doesn't mean I'm selling at market.
I'm waiting for the retracement to give me a better entry and a cleaner risk-to-reward profile.
The weak low on NZDCAD is important.
Weak highs/lows are liquidity objectives until price proves otherwise.
With bearish order flow already established, I'm expecting price to eventually attack that low.
The retracement into my POI would simply provide the entry I'm waiting for.
NZDCAD is another setup where I'm letting price come to me.
Sell: 0.80549
SL: 0.80751
TP: 0.80123
No need to force an entry around 0.8013 when my planned execution is much higher.
If price doesn't retrace, I miss the trade. That's better than chasing it.
NZDCAD SELL SETUP 📉
The reasoning behind this one is straightforward:
Bearish market structure → BOS lower → retracement into POI → continuation toward the weak low.
I'm positioning around 0.80549, with invalidation at 0.80751 and my target around 0.80123.
The analysis gives me the direction.
The POI gives me the entry.
The structure gives me the invalidation.
The liquidity gives me the target.
Now it's up to price. 🎯
