AUDCADthis is what i learnt from YT and many book it say that the rally base rally trend, will reach the supply zone and start to continue the trend so, let see,... dyor disclaimer i just share what i read, what i learn..Shortby dorissim111
AUDCAD - Excommunicado previous day bearish candleLooking for a long entry on AUDCAD. Just waiting for one more sweep of sell side liquidity and a sign of reversal on the line indicated.Longby ExpertIOUpdated 4
AUDCAD - Bearish Scenario 📉Hello Traders ! On Tuesday 21 Nov, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, I Will Sell on Retest... TARGET: 0.87950🎯Shortby Hsan_BenhmedUpdated 5511
AUDCAD SELLWent into a daily ob and refined to the 1hr OB. got a BOS on the 1hr. Shortby datorres_1993Updated 0
Key barometer for buyers at 0.89700 Bullish momentum seems to be faded out as double top pattern, three black crows and a bearish divergence has formed. If the AUDCAD dips below 0.89700, it would indicate a shift in the technical bias towards the downside. On the downside, trend line support lies at 0.88900-0.8900Shortby Trad3WithFarazUpdated 110
A guide to Profitable Scalping (why waste a price action)In the world of trading, many participants find themselves constantly waiting for the perfect confirmation for swing positions or entries, often missing out on the rapid movements that characterize financial markets. This is where the art of scalping comes into play, a strategy vastly different from swing trading, yet equally, if not more, compelling for those who master it because it offers way more opportunities to make money. In this blog post, I'll guide you through the essentials of becoming an effective scalper, focusing on market structure theory, the significance of Break of Structure (BOS), and the nuances that set scalping apart from swing trading. Understanding Market Structure Theory To excel in scalping, one must first be well-versed in market structure theory. This theory is the backbone of understanding how markets move and why they behave in certain patterns. It involves analyzing price highs and lows, trends, and ranges to predict future price movements. For a comprehensive understanding of market structure theory, this resource offers an in-depth explanation, it's not complete, but the best one freely available so I suggest you understand the content properly. www.youtube.com The Role of Break of Structure (BOS) A critical concept in scalping is the Break of Structure (BOS). When we observe a confirmed BOS to the upside or downside, it indicates a significant shift in market sentiment. The order block that caused this break becomes a focal point of interest. This is because, in the realm of scalping, these points often act as magnets for price, offering high-probability entry points. Capitalizing on Order Blocks Once a BOS is identified, scalpers must pay close attention to the order block that instigated this shift. When the price returns to this order block, a reaction is typically expected. This reaction is the bread and butter of scalping. Unlike swing traders who seek to capture larger market moves over extended periods, scalpers thrive in these quick, precise moments. Scalping vs. Swing Trading: A Different Focus The primary difference between scalping and swing trading lies in their respective focuses and timeframes. Swing trading involves holding positions for several days to weeks, aiming to profit from substantial price moves. Traders in this domain often focus on potential targets for a trade, analyzing broader market trends and economic factors. Conversely, scalping is a short-term strategy where trades last from a few minutes to hours. The focus here is not on the potential extent of a price move but, on the risk, -to-reward ratio. Scalpers typically aim for a 1 to 3 risk-reward ratio, meaning they risk one unit to gain three. This approach requires quick decision-making so it's much more involved than swing trading. Before we go on to see some examples following are the key things to remember to be effective in scalping To be an effective scalper, you need to: 1. Develop a proper Understanding of Market Structure 2. Identify High-Probability Order Blocks 3. Master Risk Management: Given the high-speed nature of scalping, managing risk is paramount. This involves setting strict stop-loss orders and having a clear risk-to-reward ratio for each trade. 4. Stay Disciplined and Agile: Scalping requires discipline to follow your trading plan and agility to adapt quickly to changing market conditions. Examples: Scalable OBs with results. This happened today: on SPX and NAS100 NAS100: SPX: How to pick an order block to trade for scalping: Entry for Scalping should be between 0.25 to 0.5 level inside the Order Block, you can use FIB tool to get these levels, this is highlighted in the Images above. 1. Do not go above 4h TF for this strategy. 2. Make sure Order block is caused a BOS 3. Notice the time frame of BOS, Pick the Order block in relation to the BOS timeframe. 4. Makes sure Prior to BOS the Order block resulted in FVG 5. Make sure the Order Block is not too big as it will result in greater risk, which I do not prefer. 6. If price does not hit your entry do not chase price, move on to next one. I want to emphasize here again , the goal of scalping is to capture the small move , not the whole move , so your focus should be one getting 2X or max 3X of your trade once , you do you get out and move on to next one , the good thing about this strategy is you can always find multiple assets where BOS is happening on anywhere from 1h to 4H TF. Finally, nothing in the world of trading is 100% so it's possible this may not work sometimes, which you should be okay with as long as it works more than 50% of the time. I n my experience it works more than 80% of the time. Conclusion Scalping is a dynamic and potentially lucrative trading strategy that requires a unique skill set, distinct from swing trading. By understanding market structure theory, focusing on order blocks following a BOS, and maintaining a disciplined approach to risk management, traders can exploit the rapid movements of the market for steady income. Remember, the key to successful scalping lies in quick, informed decisions and an unwavering commitment to your strategy. Like and Leave comment to this post to seek further clarifications if needed. Happy trading! Educationby zakoraio1
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89900 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89900 support and resistance area. Trade safe, Joe.Longby JoeChampion10
AUDCAD BUY daily time frame wait for revarsalAUDCAD looking for buy after revaral confarmation daily time frame 1day time frame still loading trade patience test swaig tradeby ANALYSESTFX3
AUDCAD | Long idea!AUDCAD has seen a lot of price action at this level. I will be looking for long positions because I expect a move to the upside! Be patient and manage your risk!Longby FX_Unlimited2
AUDCAD: Important Breakout!↪️AUDCAD was consolidating for 14 days in a broad flat trading range on a 4-hour chart within an ascending channel pattern. The price has ultimately breached and concluded below the support of the range this week. I think that the pair might decline now...👍✅️ Shortby linofx13315
short audcadbla bla bla . this is not a financial advise . short inevitable. Shortby trollistUpdated 775
AUDCAD - Sideways MovementsAUDCAD is moving in sideways directions. Don't get confused with too many lines. S1, S2 and S3 represent three Support Levels (Green Lines). R1, R2, and R3 represent three Resistance Levels (Red Lines). Place these levels (orders) simultaneously, when one order type is filled cancel the other one. Make sure these orders are Buy Stop and Sell Stop Orders. Take Profit levels are defined with Yellow Lines. The risk-reward ratio is always 1:2.by ShahzaibNaveed1
AUDCAD Trade ideaAUDCAD is consolidating in a range on 1h time frame. A trade plan can be planned after it breaks support or resistance levels.by sumeedshaiq0
AUDCAD - Range MarketAUDCAD is not making HH and HL or LL and LH, so be careful of breakout and trade. Longby Saad-Raza0
AUDCAD H4 | Bullish bounce off 38.2% fibo?Price could fall to our buy entry at 0.8923, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is below a swing low support as well as the 61.8% fibo retracement. Take profit is at 0.9027, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC a (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Longby FXCM0
AUD/CADI am going SHORT on AUD/CAD aud/cad is going to drop to the downside, price is at my special zone so hopefully it's gonna drop.Shortby KODAK_E_BTC222
AUDCAD potential SHORTAUDCAD -WEEKLY:Bearish @major weekly highs potential reversal zone -Daily:Bullish -4HR:BOS to the lows,sweep of BSL,Demand failure *Awaiting more 1hr structure breaks to the low(LH,LL) #BYKCAPITAL #LETSEATShortby BYKCAPITALUpdated 115
AUDCAD aiming for New Highs, Watch for Breakout 📈👑✅The AUDCAD currency pair is on an upward trend and is approaching a key level of 0.9030 on the 4-hour chart. This level has been tested four times in the past, and each time, the price has rejected from it. 🏆⚔️ ✅If the price breaks through 0.9030 again and closes the candle above it, we can anticipate the price embarking on a journey towards the next level, potentially reaching new highs. 🚀💰 🛑Please exercise caution and avoid entering the trade before the 4-hour candle breaks out. Entering prematurely could increase the risk of potential losses. Are you ready to align with AUDCAD's upward momentum? Share your insights and perspectives on this potential breakout in the comments below! 💬✨ #AUDCAD #forex #tradecityproLongby tradecitypro11134
AUDCAD Bullish trend continue**Monthly Chart** AUDCAD has been in a long-term bearish trend since 2017. I have seen it always create a range within a large range. For example from 2011 to 2014 it was moving in the higher range. Then moved lower and stayed in a range between 2014 and early 2018 before it pushed lower. In Sept 2023, the price it pushed lower only to bounce from April 2020 low near 0.8600. The demand zone was tested several times before it bounced from it in Oct 2023. Last month's candle closed higher confirming the short-term bias of this pair is bullish. The next area to be tested at around 0.92000 level. **Weekly Chart** Last week candle closed higher, however, it is now approaching a key level at around 0.91000. If the price breaks then it will move to the next target at 0.92000 level and then 0.94000 level. **Daily Chart** The price is currently moving within a key sensitive area. We need to be very selective if we are buying and if the price tests 0.92000 and bounce then we will have to sell.by PropSignals0
AUDCAD is in RangeAUDCAD is moving in range on 1H time frame, targets are mentioned on the chart. by Fahad-Rafique1
AUDCAD: More bullish moves are expected.Hello traders, On the one hand, AUDCAD may continue it's bullish move in it's short-term channel. On the other hand, the pair got high probability to react to the level in case of any breaks of lower band of the mentioned channel.Longby AliSignalsUpdated 4
AUDCAD TRADE ALERTWe expect continuation to the main trend(downtrend) after formation of market structure belowShortby Hossana211