15m 10s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=forex_pro&ad=cIJeDGX4vJM So, if we’re going to see this break this green zone, 0.9815, 0.9800 or so, we need a confident push through there and then we look for it to continue to go higher to the purple zone or the orange zone, or maybe even the blue zone at the very top of the range. Otherwise, by the end of day today, if it gets back underneath 0.9800, back into the 0.9790-level or under the green zone, we might be looking for this to turn around and go back down, so key things to watch for the larger timeframe on the daily there. Four-hour timeframe. We could see it challenging higher. Look back here. The last time we were in this period of congestion. Of course we need to get above that. We need to stay above 0.9800, stay above that congestion. 0.9800 to 0.9815 is that area that I’m going to be watching today. If we could stay above there, sort of where we are right now, but a little bit higher, then I think we’re going to look for the market to continue to go up. Again, like I said, it needs to stay above here to go higher or break back underneath here to go lower. Currently the market is a little bit bullish, so I would probably focus in on that direction for the day today on the USDCHF. Moving on over to the EURUSD. Similar, yet opposite scenario. If I zoom it out real quick here to the weekly timeframe, 2014, clear downtrend, 2015 and 2016 been stuck in this red box on the weekly timeframe. Take it down to the daily. There’s that red box. Larger top to bottom of the chart. We’ve been rising along the blue trend line over the past few weeks, but we’ve been challenging it as well. Let’s go ahead and zoom it in one more time here on the daily. Actually a couple of times. Congestion: blue box here just between the yellow and the orange zone. Last week we saw the breakout underneath there. 100-period moving average challenging the pink-shaded area right now. 1.1160, 1.1180 is the area that we’re challenging right now. If it can stay under this pink zone, which, again, is very similar, yet opposite of the USDCHF. If it stays under here, we look for the continuation lower to the next support, which will be the green zone. You could see that right here, is the next support. That’s 1.1125. So, under 1.1160, 1.1180 – that’s the pink zone -, we go down to 1.1125, 1.1100 or even lower. The risk here is that it turns back around and starts going back above 1.1180 and starts working its way back up towards the 100-period moving average and the 1.1200-level. So, the pink zone is going to be critical for the day today. https://www.youtube.com/watch?v=cIJeDGX4vJM 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 derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.