AUDCAD - Swing opportunity on Daily TF
Hello Guys and community!
Check out my Invest/Swing analysis on AUDCAD.
I wanna show you how to trade my FX level which I give you every day for FREE.
Every day I publish my intraday analyzes and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
Now I'll show you how I trade Long/Short levels and how you can trade them with me.
First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
In this case, I have a long level at 0.9181 and I set Stoploss to 0.9030. I was wondering where to set that Stoploss. According to the technical analysis , I should put SL on Pivot Low. Also I looked at VolumeProfile and tried to find a logical zone where I could set Stoploss. I simply looked at the Volume Zone and POC you can see in the Chart and I set Stoploss for this Volume Zone. If the market overcomes this zone, it will most likely continue lower.
Summary:
Stoploss determined by.
1. Pivot High / Low
2. Logical zone according to VolumeProfile
3. Low Volume Node and Profile
4. Outside of key levels
Hope It helps!
Share your comment and analysis below.
Check out my Invest/Swing analysis on AUDCAD.
I wanna show you how to trade my FX level which I give you every day for FREE.
Every day I publish my intraday analyzes and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
Now I'll show you how I trade Long/Short levels and how you can trade them with me.
First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
In this case, I have a long level at 0.9181 and I set Stoploss to 0.9030. I was wondering where to set that Stoploss. According to the technical analysis , I should put SL on Pivot Low. Also I looked at VolumeProfile and tried to find a logical zone where I could set Stoploss. I simply looked at the Volume Zone and POC you can see in the Chart and I set Stoploss for this Volume Zone. If the market overcomes this zone, it will most likely continue lower.
Summary:
Stoploss determined by.
1. Pivot High / Low
2. Logical zone according to VolumeProfile
3. Low Volume Node and Profile
4. Outside of key levels
Hope It helps!
Share your comment and analysis below.
Comment:
VWAP Chart
Comment:
OF Chart
Comment:
Key levels