EURCAD (SMART MONEY CONCEPT )

Mapping market structure is at the core of our strategy. It helps to determine the
directional bias of the market and decides whether our trade is pro trend or
counter, where price is likely to head next, where it's likely to retrace to and much
more.
Swing points are marked up using the lowest/highest point before the recent
break of structure. Once this swing point breaks we have a BOS.
• When mapping market structure we class a body close above/below a
previous swing point to be a break of structure.
• We have a set rule on whether a pullback is classed as new structure;
• 13 pips for the 15m time frame.
o 40 pips for the 4H time frame.
o 100 pips for the Daily time frame.
We don't use/map internal structure, only swing structure. Internal pricing is
navigated using supply and demand levels.
Bullish BOS
Swing Point
Pullback
Pullback
Swing Point
Bearish BOS