AUDCAD - m15 - LONG Position - SMC Concepts
First Step: Break of Structure on the upside
Second Step: Wait for Liquidity Grab (Sharks looking to grab liquidity of the Retail Traders)
Third Step: Wait for the Point of Interest to be reached (Origin Block)
Fourth Step, Enter on the Rejection of m15 (doji - Long candle small of flat body) or the Acceleration on m8 lower time frames (m8 demand zone). In this case, it is an m8 demand zone.
Entry at the low of the m8 demand zone / SL at 1ATR (233) from Entry.
TP at the extreme end after all the Sell liquidity has been absorbed (mitigated).
47RR profit.
Second Step: Wait for Liquidity Grab (Sharks looking to grab liquidity of the Retail Traders)
Third Step: Wait for the Point of Interest to be reached (Origin Block)
Fourth Step, Enter on the Rejection of m15 (doji - Long candle small of flat body) or the Acceleration on m8 lower time frames (m8 demand zone). In this case, it is an m8 demand zone.
Entry at the low of the m8 demand zone / SL at 1ATR (233) from Entry.
TP at the extreme end after all the Sell liquidity has been absorbed (mitigated).
47RR profit.