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See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings.

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

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we reviewed setups we’ve been tracking throughout November that exemplify the core concepts and methodology presented in this series. Clear opening range breaks on multiple dollar crosses mid-month cleared the way for our direction bias heading into the close. But how do we execute on these trades once the break has been identified? Let’s break it down.

Topics discussed include:

  • A review of November trade / December outlook
  • Practical use of Opening Ranges – November examples and how they panned out
  • Multi-timeframe Analysis
  • When things go “Wrong”
  • Identifying the break / reversal using price & time
  • Examining Momentum (RSI)
  • Q&A Session

New to Forex? Get started with this Free Beginners Guide

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

We also reviewed key technical levels and the weekly outlook for the DXY, AUDUSD & USDCAD 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!

Why does the average trader lose? Avoid these Mistakes in your trading

Want more information on technical analysis and trading strategies? Check out ourFree DailyFX Trading Guides!

---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.