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Asanato
May 12, 2020 2:03 PM

USDCAD Swing trade tutorial Education

U.S. Dollar/Canadian DollarFXCM

Description

Hey Guys,

I wanna show you how I trade swing trades based on my SR levels.

Firstly I am waitting for a market to arrive in a SR area and then I am looking for a trade setup. In this case we can see strong buying activity which can be confusing, but mostly its good sign. Then I see pinbar with our formation which shows bigger volume and possible trade signal.

So I entered trade command with SL and was looking for the first TP. I saw that in RRR 1:1 is strong gap and stargap formation which can be strong SR zone ( this significant zone was first TP ). When first TP was filled I moved SL on BE and let UC run to the second TP or BE :)

Hope it will help you. Very similar trade you can see on EU idea from monday.
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