Forex Swing Trading Strategies (4 Hour Chart Strategy)
Step 1: Understand Where You Are Within the Figure Levels.
Step 2: There are 2 Ways to Swing Trade Figure Levels.
A) When price is not breaking a figure, you trade a reversal (Double Top or Double Bottom Reversal Patterns at the figure).
B) When price is moving to another figure, you trade a Retracement to a Support and Resistance Zone (look for Double Top or Double Bottom Reversal Patterns at the Support and Resistance Zones).
Step 3: Optimize Your Entry. Take Profit prior to Next Figure Level. Stop Loss behind Logical Key Levels.