Forex Technical Analysis Mid Week
Welcome to the Forex Technical Analysis Mid Week. In this video I go through a couple of forex currency pairs to see if there are any interesting trading opportunities. Also I review the weekly forex forecast I do every weekend to see how setups are turning out and how we can adjust the ideas / manage the positions.
At the moment most USD forex pairs are consolidating. The markets are not really trending except for the USDCHF. This one is at the bottum of a range it has been moving in for some time now so identifying an entry, stoploss and take profit target is easy.
The other USD pairs like the AUDUSD, EURUSD, NZDUSD, GBPUSD, USDCAD and USDJPY are not at levels where it fits the criteria of my trading strategy. Maybe for you is does.
The GBP finally moved out of consolidation last week so after the corrections I’m looking to get in with the trend. So my finger is on the trigger but jus not yet.
Last but not least the NZDCAD and AUDCAD are starting to get more and more interesting. I explain in the video from the weekly and the daily chart.
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Building Your Own Trading Strategy Part 1 : Markets To Trade
Building Your Own Trading Strategy Part 2 : Timeframe(s)
Building Your Own Trading Strategy Part 3 : Market Conditions
Building Your Own Trading Strategy part 4 : Technical Analysis
Building Your Own Trading Strategy part 5 Indicators
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