6m 25s: Lenght

To Get Ross' Free Forex Trade Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=currency_trading&ad=yfCWuZW4u6E We’ve been talking all week long about buying the USDCHF into the support zone, near the bottom of the trend channel, and that zone is down here between 0.9575 and 0.9550. And you could see all week long it’s just been bouncing around in this green-shaded area, in the support zone all week long, giving us actually a couple of different opportunities to jump into the trade. Get out with some profit. Get back in. Get out with some profit. Giving us multiple opportunities to work this level as a support zone. Currently in at break even. The current trade that I’m holding right now is at break even. Can’t lose on the trade. The current stop loss is set at the entry price. Sitting with 14 pips or so right now on the trade. Definitely would like to see the breakout back above 0.9575 today and the beginnings of a little bit of a reversal or at least a retracement here back higher again for the USDCHF. Another trade we’ve been talking about and have several opportunities this week to enter and get some profit is selling the EURUSD. Currently not in it. I put, in the overnight hours, a pending sell order at 1.1400 again, and it never made it quite high enough to take me in. The previous four-hour candle went just as high as 1.1393. 1.1393 on the high on the last four-hour candle, so it came within about seven or eight pips of taking me into the trade again and now it’s already come back down into the 1.1350s again. So, waiting for a new opportunity here on the EURUSD, but also still concentrating on selling the resistance zone underneath the 1.1400-level for the EURUSD. Something else we need to mention here real quick is that we have significant Canadian news today. We have employment data coming out of Canada at 8:30AM, about 35 minutes from the recording of this video. Could dramatically affect this currency pair if it’s dramatically deviated from the forecasted numbers. Let’s take it on down here to the four-hour timeframe. Negative data out of Canada on that news today would likely send this back up. Finding support at the blue zone, back above the yellow zone. Challenge the green zone. And if it breaks above the green zone, we could see some significant rally higher for the USDCAD. If it’s positive data, if it’s significantly better than the forecasted number, we could see another challenge all the way back down here to the support lows that we’ve seen over the past few weeks. You could see those support lows over here. And anything underneath there with a breakout underneath the 1.2920-level could look for the continuation lower in the direction of the longer-term downtrend that the USDCAD has been in on positive Canadian data coming up in about a half-hour from now. https://www.youtube.com/watch?v=yfCWuZW4u6E Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily, including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.