14m 13s: Lenght

Get Mark Chapman's Free Trapped Traders Calls - Click here: http://mytotalsupport.com/cpv/base.php?c=119&key=c335fd1ebae1ef722be28559d78941b3&ls=youtube&keyword=trade_forex&ad=iS7qr2KZN_M Take it over here to the USDJPY. It’s been in an uptrend. It’s still in an uptrend. I don’t think anybody is going to change your mind about that any time soon, so we want to focus our efforts in that direction. Taking it down to the four-hour timeframe, we could see what’s been happening. Let me zoom in one time here. We could see what’s been happening. As expected, it came back down to the orange zone, found support, and now we’re back above the yellow zone. Last Friday, we were talking about the congestion here. A dip to the orange zone became an opportunity for support. So, if you decided to get in at the orange zone, 1.1320, 1.1300, then you’re in profit. You should be protecting profit. I didn’t do it because I wasn’t trading at the time, so I didn’t get into it, but next thing we’re looking for now is for it to sit down on top of that yellow-shaded area as support and head on back up to the pink zone. The next opportunity for a breakout would be above the pink-shaded area. Now, if you’re looking to go short, I think you need further evidence of reversal. This currency pair is in an uptrend. There’s no indication of a short right now on the USDJPY. Let’s take it down to the AUDUSD. We left a trade going on Friday. Friday, we took a short at 0.7450. Left it going over the weekend. We’ve already seen a little bit more than 20 pips of profit, and I know that because my trade manager at the top left-hand corner of the chart right there – let me take a little, red line and put it right here inside the green-shaded area, where you see that little, red line pointing. It shows you current stop and pips is zero, so I’ve already seen over 20 pips of profit on the trade. The trade manager has taken my stop loss to break even. I can’t lose. So, if you were in that trade from Friday, then you should be at break even because we’ve seen over 20 pips of profit on the trade. You could see that we’ve been studying the long-term trend line here on this currency pair. That is that red trend line there. Let me zoom it out like this. You could see the red trend line. We’ve been studying that in the daily Trade Room for several weeks now. What’s important about that is we zoom it back in. Take a look where the market came up. Touched close to that red trend line and fell back down. We came back up into the orange-shaded area on Friday. https://www.youtube.com/watch?v=iS7qr2KZN_M 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.