Daily Forex price action analysis - 2016-01-20 - forex4noobs | Forex
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Today's price action analysis is a little more exciting than yesterdays. In today's analysis I point out a potential long trade setup forming on the AUD/USD 8hr chart. I also point out a potential short trade forming on the USD/CAD 6hr. *CLICK BELOW TO SEE MORE* ---------------------------------------------------------------------------------------------------------------- LINKS Join my forex Mastermind class: https://www.forex4noobs.com/forex-trading-course/ My website: https://www.forex4noobs.com/ Twitter: https://twitter.com/forex4noobs Facebook: https://www.facebook.com/forex4noobscom-110790142266044/?fref=ts I hope you guys enjoyed the videos and that you find them useful in your trading career, don't forget to leave a like on my videos and subscribe for more content! Check out the Webinar Playlist: https://www.youtube.com/playlist?list=PLEr6TxI3iPbMy4-1Tgz7a7kVTRgag-qPb https://www.forex4noobs.com/forex-blog/analysis/daily-forex-price-action-analysis-2016-01-20
Comments
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hahaha USD/CAD actually went down! subbed. good call.
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Thank you Nick!
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Good call on that AUDUSD trade. It moved perfectly
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How did you create those vertical channels for your support and resistance?
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Do you change bid/ask before you enter a trade? I entered the AUD/USD trade before changing and I was stopped out. I normally enter trades at 4 pips above the high of indecision candle, but I accidentally entered at 2 pips above; the candle after indecision never broke the 4 pip mark.
I did, however, pick up 60 pips on the USD/CAD. It opened and hit my limit order within 3 seconds of each other. -
Great video, as always. Thank you!
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Why are your support and resistant levels so close together on the daily time frame?