13m 8s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=learn_trading&ad=EfOemPKb24c So, at least at this point, we’re right smack in the middle of the green and blue zone. No real opportunity until it challenges one of those areas. The further reversal. If you’re looking for that, watch this green zone as a potential sell opportunity, but I think your risk is pretty high still at this point above the yellow-shaded area for the USDCAD. Moving over to the USDJPY. It’s an uptrend. That’s the first thing I would say. We’re in an uptrend. I think that’s the direction you want to focus your efforts in here for the USDJPY. Zoom it in a couple of times. You see the black box up here. Purple, orange, blue, and even the green-shaded area at the very top of the chart being incorporated within this period of congestion. Buying the blue zone obviously would’ve been the best opportunity in the direction of the trend. If we’re not there, we’re all the way up here at the purple zone. 118.25 is the purple zone. We’ve seen challenges of it before. Look back here on the left. Five days challenges the purple zone as resistance. Couldn’t break through it. So, if we can break above 118.25, I think we look for a push towards the green zone, at least towards 119. Above there, we’re into the 120s. Zoom it down to the four-hour timeframe. Again, we’re studying that purple zone as the key point. We see on the left no break above. No breakout above. These were false breakouts. We need an open and close above 118.25 before we have confidence that it’s going to continue the uptrend here for the USDJPY. Moving on over to the AUDUSD. I think this one is a very interesting currency pair as well. You look back to the left-hand side of the chart. The blue circle. Look at the congestion in there. If you were going to go short in the direction of the trend, where would you go short? Well, the yellow-shaded area becomes your opportunity, or under the orange zone, which by the way, back here it never got under the orange-shaded area at the blue circle. You look back here at the black circle. You see resistance again into the yellow-shaded area. So, the yellow zone is a pretty interesting area for us this week because we’ve seen historical resistance around that yellow-shaded area several times. Resistance here. Resistance here. Resistance at the blue circle. So, we know that the yellow zone, 0.7235 to 0.7260, is resistance. That’s fact. It’s not anything we can make up here. The orange zone is support. We could see that at the blue circle. That’s fact. There’s nothing we can make up here. So, if we’re going to trade the trend, which is currently down, we sell the yellow zone or break of the orange zone. That’s about as clear as we can make it here. Take it on down to the four-hour timeframe. So, if you’re looking to go short – let’s zoom it in one time – here on the AUDUSD, you’re looking to do that, again, in the direction of the trend, either at the yellow-shaded area or under the orange-shaded area. That’s really all you’re looking to do in the direction of the trend. https://www.youtube.com/watch?v=EfOemPKb24c 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.