In this Forex strategy video, Andres explains how to recognize trend continuation levels in which you can trade of.
These levels are used very often as whether to find continuation on a swing trade or targets to avoid counter pull backs. Price continuation levels are used for new trading and can also be used as trailing stop levels if there is a swing trade behind it. In this case, Andres found the levels he identified with this indicator as possible end of the current trend and took advantage in price momentum to reach his target and avoid counter trend pull backs. This is an example in how to get the most out of trade by identifying certain trading levels that in this case aren’t in favor of the trade.
in the trade USD/CAD comes from a previous price projection. This trading map is created from the previous trading session to have an idea what to expect from the market in the upcoming hours.
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