To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=forex_trading&ad=yQYA4_ZCOx8 Let’s put a couple of arrows here. The black arrows represent what we’ll look for today. As long as it’s within and above that yellow zone, 1.0075, down to 1.0060, I’m looking for the market to go back up and find support here like it did down here at the pink zone and go up. Back to the green-shaded area would be our first initial target of course. We’ve already seen it there one time. And then of course beyond that, we look for the orange-shaded area. You could look back here to the left. Above the green zone, the market went to the orange zone. And of course above that we’d look for the market to go even higher, so it would have to break the green zone to make it to that orange zone. And the risk in that situation is that the market does not continue the trend and turns around and reverses the trend. So, our risk is actually that it pushes underneath the yellow zone, the green trend line, and stays underneath the 100-period moving average. So, again, 1.0075, 1.0060 is that yellow-shaded area. So, if you’re looking for an opportunity today, buying on top or within that yellow-shaded area becomes your opportunity. Now, I’m already long. I’m long at 1.0070. You could see it going at the very bottom of my screen. Already long going from 1.0070. We are only about five pips of profit right now. Seen a little bit more than that, but not much. We’ve actually seen a little bit negative down into 1.0060, but right about five pips of profit right now. I think it’s still well within the parameters. Right around 1.0070, 1.0075 to jump in this. Target the 1.0100, 1.0120-level, the green zone. Beyond that, we’ll target the orange zone. Beyond that, who knows how much higher this will go? And the risk is fairly limited. The risk is that it pushes underneath 1.0060 and goes back down. So, that’s what we’re looking for. Hold the yellow zone. Go higher. The risk is that it breaks underneath. Your stop loss doesn’t need to be too big. 30 pips at the most I would think, and we look for the further movement in the direction of the trend for the USDCHF today. https://www.youtube.com/watch?v=yQYA4_ZCOx8 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.
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Duration: 5m 40s
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