Dorafxcom

USDCAD POI NEXT SUPPLY ZONE

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar

Entry Guide
1.) High time frame (HTF) D1 or 4H chart
2.) Make sure your HTF fulfilled the following conditions
a) Fresh Drop Base Rally (DBR) or Rally Base Rally ( RBR ) demand zone, also known as
bullish order block.
b) Break of structure (x BOS), liquidity taken ($), and Change of character (CHoCH).
C) The Order Block, DBR, or RBR Must be near or in line with Fib retracement: 0.88%, 79
or 62%
3.) Mark out the last bearish candlestick before the expansion (rally price move) also known as
the bullish order block candlestick using Gann Box
4.) Zoom to the lower time frame (LTF) 5M or 15M chart, refined the bullish order block
the candlestick of 4H, and remarked it with the same Gann Box
5.) Set up Buy limit: Entry, the point at 50% of the Gann box line and stop loss below the wick
of last bearish candlestick and take profit your choice.
6) make sure our open between the London kill zone 9 am-10 am and the New York kill zone 2 pm-
2:30 pm

Note just the same for sell entry but we have Drop base Drop and Rally Base Drop supply zones.


How to Identify and Draw Supply Zone
Step 1: identify a fresh drop-base-drop (DBD) supply zone that is described as a structure that
created when asset price falls (drop), followed by price consolidation (base) and price fall (drop)
(see Fig. 6.3) or rally-base-drop ( RBD ) supply zone also described as expansion (rally),
followed by price consolidation (base) and asset price fall (drop) (see Fig. 6.4)
Step 2: identify the last bullish candle among the base candles before the asset price fall
(expansion). It will better or strong sell signal when the last bullish candle is engulfed by bearish
candle for the expansion.
Step 3: draw a distal horizontal line at top of the body of the bullish candle before the
expansion, and draw a proximal horizontal line at bottom of basing candles wick

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