Foundations of Technical Analysis: Real World Applications

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Foundation of Technical Analysis Series- Click here for the complete series and webinar archives

In this episode of our bi-weekly webinars series on the Foundations of Technical Analysis, we discuss & review live setups and examples of the core concepts we’ve covered over the last few months. Key opening-range breaks have put multiple setups in play this week and a methodical multi-timeframe breakdown adds further clarity to current price action.

Topics discussed include:

• Opening Ranges, Weekly, Monthly, Daily
• Multi-timeframe Analysis
• Breakouts
• Position Scaling
• Examining Momentum (RSI)
• Trading the “Turn”
• Q&A Session

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A review of the latest NZDJPY, USDJPY, GBPUSD & DXY setups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

• NZD/JPY Range Break Targets Fresh Monthly Lows
• Near-term Setups in USD/JPY, GBP/USD and Ethereum
• GBP/USD Consolidation Breakout Imminent
• U.S. Dollar Sell-off Targets Initial Support

We also reviewed key technical levels and the weekly outlook for USDCAD, AUDUSD & NZDUSD that further exemplify some of the principles we’ve been covering in this series. Join us for the next Foundations of Technical Analysis Q&A webinar where we’ll take the entire session to answer your questions on trading. Click here to register free!

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---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.