5m 13s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=trade_forex&ad=jtNAA_ws7zE Take it over here to the AUDUSD. Similar situation. We’ve been looking to go short on this pair for the past few days. Here it is going down here. 0.7475. About 14, 15 pips right now. We’ve seen a little bit more as it touched down very close to the orange-shaded area here on the chart, but let’s go ahead and zoom it in a couple of times. Here it is. Selling from the green zone. Targeting the orange zone. You could see that’s been the way it’s been doing. Five days that’s pretty much been the motive operation here for this currency pair. So, selling the green zone. Targeting the orange zone or lower back down towards the 0.7400-level or even into the low-0.7300s if it can break through the bottom of that blue box here on the AUDUSD. Moving over to the USDJPY. One of the trades that we discussed earlier on in the week was a buy here on this currency pair around the yellow-shaded area. I didn’t get another opportunity to do that as it never really gave me a confident opportunity, but here it goes again right on through the pink zone, breaking out above the 115-level and continues to pressure higher for the USDJPY. Moving on over to the GBPUSD. Another trade we discussed yesterday in the Trade Room was the breakout underneath the pink zone and the 1.2590-level. If you’re looking at this trade, you’re looking for an opportunity to stay in it as it breaks through the pink zone and targets back down towards the green-shaded area here into the 1.2500-level for the GBPUSD. We didn’t get an opportunity to go short on the EURUSD, but obviously over the past two days it’s been going down. Watch for the breakout underneath 1.0545 to continue the downward pressure here. And that leads us on over to the USDCHF. Same thing, yet the opposite. As we just looked at on the EURUSD, this currency pair moving higher. We’ve seen a good boost for the USD for the past couple of days as you saw the EUR going down. The USDCHF tends to go back up. So, a good boost for the USD, challenging multi-month resistance highs. Look back to the left-hand side, and I’m actually going to scroll back in time just a little bit so we could see further back. Look back where those black circles are on the left-hand side. More specifically, the two outer black circles on the left-hand side. One on the left. One on the right. You could see what happened the last time we were here. We found resistance at the orange zone, which obviously we’ve been doing for the past week and a half. Resistance at the orange zone, but a breakout above it sends it back up to the purple-shaded area in towards the mid-1.0200s or even towards the blue zone, 1.0300 at the top of the chart. So, we could see what happened the last time. Resistance, breakout, and continuation. Resistance, breakout, right to the purple zone. So, that’s what happened the last two. In fact, let’s take that and put it closer to this, and let’s take this one and put it more like this. So, now we can really get a handle on what happened the last two times, where those. Let’s take one of those two circles are. Breakout above the orange zone, goes to the purple zone. I mention that because we have a pretty good momentum right now. Let’s go ahead and zoom it in a couple of times. A pretty good momentum for the USD. It’s making another run at the 1.0195, 1.0200-level. If we can break through that orange-shaded area, I think that’s the next trading opportunity here on the USDCHF. I don’t think you want to do it until or unless it breaks through 1.0195, because if it doesn’t, we could see just what happened the past week and a half. Finds resistance and goes back down. So, don’t buy it unless it breaks through. A confirmed breakout above 1.0195. We’ll talk about a confirmed breakout later on in the Trade Room today, but we want a confirmed breakout above 1.0195 for the next opportunity to go long on the USDCHF. https://www.youtube.com/watch?v=jtNAA_ws7zE 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.