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Foundations of Technical Analysis: Constructing a Trade Setup Part 2

Foundations of Technical Analysis: Constructing a Trade Setup Part 2

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we build on our previous session where we discussed constructing a complete trade setup from scratch. There are various approaches on how we can execute on these levels and in today’s session we reviewed the setups highlighted last month and follow the progression of a trade- start to finish.

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Topics discussed:

  • Identifying how and where to operate on a given setup
  • Exiting a trade: Scaling out of positioning vs trailing stops
  • Significance of weekly / daily closes to validate breakouts
  • Review of actual trades taken this week across the majors
  • Trading Q&A Session

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A review of the latest AUD/USD, USD/JPY, NZD/USD and GBP/USD setups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

Join us for the next Foundations of Technical Analysis Q&A webinar on Friday August 24th at 10am EDT- Register Now!

Send requests on topics for upcoming Foundations of Technical Analysis webinars to

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- Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex or contact him at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.