6m 38s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=forex_trading&ad=8zDoK_MUi-4 Right now and earlier this week, we actually took a sell into the blue-shaded area, so if you’re looking for an opportunity, any rally into that blue zone may become an opportunity to go short in the direction of this previous momentum. Otherwise, if it settles down here as support at the orange zone, may be a buy opportunity. Watch some news coming up to see if that support is going long on the USDCAD. GBPUSD. Nothing really new here. Let’s go ahead and just take it down to the four-hour. Take a look at this. Green zone holding as resistance right now and the blue zone holding as support. So, again, what we need to look for here, if we’re looking for it to go up in the direction of the red trend line, buying into the blue-shaded area or a break above the green zone become your opportunities. If you’re looking for a reversal, selling the green zone or a break under the blue zone may be an opportunity. We had some news out of the UK earlier today, but doesn’t seem to have broken out of this slow-moving market that we’ve seen over the past couple of days. Moving over to the EURUSD. This currency pair, we actually took a trade yesterday. Only sitting with about two pips of profit on it right now and haven’t seen anything extraordinary out of this trade. Let’s go ahead and zoom it down to the four-hour timeframe. Haven’t even had an opportunity to go break even. What we’ve been looking for is resistance at the orange zone, which we have found it has done that for the past day or so, and we’re looking for it to go back down to the yellow-shaded area now that we’re underneath that orange-shaded area. Our risk of course is pretty clear that it breaks above the orange-shaded area and starts working its way back higher. So, if you’re in the trade, it’s been a slow mover, so we just need it to get some motivation and start moving back down towards the yellow zone. And again, our risk, stop loss is above the orange zone for the EURUSD. Moving on over to the USDCHF. Nothing really new here. Finding resistance into the blue zone. Let’s go ahead and take it down to the four-hour. Take a look at that. Just finding resistance at the blue zone. Nothing really new here. We just need a breakout. If it’s going to go up, it needs to break out above the 0.9690 or so level, 0.9700. It needs to get above there if it’s going to go back up to the yellow-shaded area. If it can’t, maybe a dip back down here towards the orange zone becomes a support, but right now it’s just kind of settled out here right around the 0.9670, 0.9695-level, and nothing really happening here for this pair. https://www.youtube.com/watch?v=8zDoK_MUi-4 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.