Instrument: CAD Futures • 1D • CME (inverse USDCAD)

The Setup

Pure technical. Price has put in a bottom formation — higher high, higher low — and is now sitting just above a clean demand zone. The thesis is simple: a fakeout under the recent low near 0.70935 that drives price into the demand zone is the entry.


Arrival Filter

Strong arrival only. An impulsive push into the zone — ideally reaching the entry area from 0.7105 today or tomorrow.

If price grinds lower in small steps, the idea is dead. Same if it hasn't triggered by Friday — automatically discarded. No exceptions.


Stop Loss: 0.7072. Below the zone. Clean break invalidates.

Take Profit: 1R at 0.7138. That's the plan. Bank it.

Context

Macro Score: ~0 — neutral. No tailwind, no headwind.
Seasonal: Nothing relevant.
Events: A few prints on the calendar (e.g. US JOLTS today). These can act as a trigger for the move — they are not a reason to wait or skip the setup. Place the order now; let the market decide.



Risk Note: This is a time-sensitive, arrival-dependent setup. No strong push into the zone = no trade. Don't force it.