USD/CAD on the higher time frame has taken the blueprint and is now mitigating. The range for USD/CAD right now is in this photo that I've just posted. It's been defined by sponsored candles and has definitely seen a break to the downside. So it's been finding price action in between those two levels at the moment. But at some point, there's going to be a breakout for this sell setup, likely later on in a week or two. In my opinion, we're buying all the way up to area of sponsored candles in the 71-78 area as part of the A1 setup, in order to take out the lower lows and the breaks on the current leg. There's nothing wrong with taking a session's worth of pips. There's nothing wrong with just taking a swing trade for a couple of hours or so, either. When price is ranging like it has been, and not in a full bear or bull run, it's great to just take sessions and be on your merry way.

After recent lower lows and recent breaks on USDCAD, and looking at the higher timeframe chart, it seems to me that the blueprint has taken place in full effect on the higher timeframe of USDCAD. The pair is making lower lows on the higher timeframe and taking sponsored candles to break more structure, which is perfect order flow—essentially the mitigation of the blueprint.

When price is ranging and getting ready to set up for the higher timeframe move, it's a great idea to get into the practice of taking the runs in and out of the setup within the session to bank profit. I eventually got the higher timeframe swing, eventually! It was after the New York session where the higher time frame swing entry appeared and I'm in it for the long run—probably for the rest of the week…

I say “mitigation” Check out the post of how I traded in the zone to find my position in today’s session.

As you can see from the array of photos I've given, I opened the charts this morning and assumed it was just a buy, given the impulse yesterday and the set up that was presented: a breaker structure and a sponsored candle. After all the mitigations had already happened, I jumped on that after it then broke that sponsored candle. I looked at a higher timeframe and thought, "There's another sponsor candle with the two breaks. I'll take that candle after it failed." I knew that my ranges were wrong—which sometimes I do get wrong, everyone does—and so when it broke that sponsored candle, it leaves an opposite candle left behind. That is then the range's sponsored candle, meaning the candle that broke structure. So, after it breaks your original order you quickly put in the opposite order and you put your stop loss above or below that candle. That is then your entry for that higher timeframe. I'll do more of these examples as time goes by, because that's the point of this community. The sponsored candle that market came off yesterday for this higher timeframe, was such a small candle I couldn’t even see it on MT5, to go through this process to get the best possible entry is a great nifty way of getting through. So you somewhat have to play the game to get it done. It’s a little bit cowboy, quickly selling or buying after a set up fails, but if you know your set ups, you know what side of the market you will be on—and hopefully the correct one, if you’ve got it right. Remember: the last opposite up or down candle that broke structure is a sponsored candle. Third loss of this set up! Then looked at the Higher timeframe correctly and the 15 minute and realised there was an A1 set up off the 71 fibonacci ratio and so I re-entered here I would’ve thought that’s me out of the zone and I look forward to taking profit.