How do you trade a breakout of a range? Very similar to a triangle breakout. Measure and project! This video includes examples from today’s EUR/USD and USD/CAD pairs. Live FOREX Training | Everyday www.fxbootcamp.com
Both NFP and ISM releases today were USD negative. The market took off in the direction of the prevailing trend, aligned with fundamental analysis and traded using technical analysis. In a breakout day, such as this, Fibonacci and Pivot Points were great leading indicators to use. Live FOREX Training, 12+ Hours Everyday! www.fxbootcamp.com
Fibonacci retracements and extensions were very helpful day. Fibs were used as a leading indicator to predict profit targets and they were also used to confirm a trend reversal. Thank you Leonardo Fibonacci! Live FOREX Training | Everyday! www.fxbootcamp.com
It was a fast moving forex market today. Such momentum will break forex reversal pivots, but give you great opportunities to use them as entry points. Fibonacci forex extensions were simply awesome, giving us a range of 161.8% to 261.8%. Happy Thanksgiving everyone! FOREX, forex, forex: Isn’t…
Today’s Retail sales were not good. EUR/USD should go up… right? How far? What has it done in the past? You’d have to look at June 14, 2005 to see what today’s results could produce. Isn’t it intersting how history can repeat itself? LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com
Europe was closed for Easter, but New York was open. The USD was likely to continue its gains from the positive NFP numbers on Friday. With currency correlation, a break of a price channel gave us a target of 44 or the S1 pivot point. The entry was simply a stochastic cross with divergence after a rejection at the 200 EMA. LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com
Wow, what a day. The forex market really moved. The US Session openned at a 161.8% Fibonacci Level and M4 Pivot Point. That is usually what the markets look like at the end of the trading day! With so much news on the calendar, you really had to play it cool and wait for an entry point. If you did, you were rewarded with one last extension in the direction of the prevailing trend. LIVE FOREX TRAINING | EVERYDAY! WWW.FXBOOTCAMP.COM
Today our focus was on the Canadian Dollar. Lots on Loonie news to make it move! The USD/CAD did a short pull back in the Asian session, but fully recovered during the European Session. From there, Fibonnaci ruled the day… Live FOREX Training | Everyday! www.fxbootcamp.com
The US Session began with some dollar strength, however with some divergence. After the news, resistance was broken and became support. Once the 200 EMA & Central Pivot Point were broken, the EUR/USD had room to run! Live FOREX Training | Everyday! www.fxbootcamp.com
A very technical trading day today. We had a moving average cross right at the New York open. We then had a straight forward news trade. Lastly, a text book channel break. Nothing fancy… just business as usual. LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com