Daily Forex price action analysis - 2016-01-20 - forex4noobs

Today's price action analysis is a little more exciting than yesterdays. In today's analysis I point out a potential long trade setup forming on the AUD/USD 8hr chart. I also point out a potential short trade forming on the USD/CAD 6hr. *CLICK BELOW TO SEE MORE* ---------------------------------------------------------------------------------------------------------------- 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 https://www.forex4noobs.com/forex-blog/analysis/daily-forex-price-action-analysis-2016-01-20

Comments

1. hahaha USD/CAD actually went down! subbed. good call.
2. Thank you Nick!
3. Good call on that AUDUSD trade. It moved perfectly
4. How did you create those vertical channels for your support and resistance?
5. Do you change bid/ask before you enter a trade? I entered the AUD/USD trade before changing and I was stopped out. I normally enter trades at 4 pips above the high of indecision candle, but I accidentally entered at 2 pips above; the candle after indecision never broke the 4 pip mark.
   
   I did, however, pick up 60 pips on the USD/CAD. It opened and hit my limit order within 3 seconds of each other.
6. Great video, as always. Thank you!
7. Why are your support and resistant levels so close together on the daily time frame?