Midday Forex price action Analysis – 2016-09-21 | Forex
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*CLICK BELOW TO SEE MORE* ---------------------------------------------------------------------------------------------------------------- Today is an interesting day, we have a few strong setups forming on GBP/USD, EUR/USD, and USD/CAD. GBP/USD and EUR/USD are showing a very similar long reversal setup from support. However, if you have been checking your economic calendar you know that the FOMC is going to release the federal funds rate later today… ...This release is likely to cause a big move on USD pairs, which would effect this setup. So please trade with extreme caution. We are seeing a strong short set up on the 2D (two day) USD/CAD chart, but it can also be traded on the 1D. And finally the potential EUR/GBP short from yesterday is still a potential trade. I will be keeping a close eye on this pair for the remainder of the week. Have a great day everyone! 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
Comments
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My Boss.
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Is there any way to get in those analysis when your doing them live ?
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Good analysis.
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hey nick .... when we see a potential setup and testing risk/reward on chart by placing a potential entry and sl and tp .. is there any additional step before placing a pending ? tnx man
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Thanks Nick , you're doin a great job man , big fan of u ......
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Can I trade indian stock market using this setup or it works only for forex markets.
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why dont we call this a head & shoulders and short when it breaks the second resistance line (neckline) ....