When trading, we identify different levels from different time frames. When the market makes new lows or highs, we can go back in time and make decisions based on the swing price market.

In this trade taken in the USD/CAD, the price market made new lows but just enough to be in areas in possible rebounds based on bigger time frames. Then, we went into smaller time frames to identify our psychological price patterns set ups to calculate our entry and a tight stop loss to make this trade worth our risk. In the following video, you’d appreciate a trade with a -25 pips stop loss and +100 pips target.

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