Foundations of Technical Analysis: Confluent Support/Resistance Zones
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- Foundation of Technical Analysis: Building a Trading Strategy- complete series and webinar archives
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In this episode of our bi-weekly webinar on the Foundations of Technical Analysis we discuss how to identify key areas of confluence support & resistance using key lateral levels, Fibonacci and basic slope analysis (trendlines). Regions where these technical features converge often trigger more significant reactions in price and may offer favorable trade opportunities within a given trend.
- Horizontal / Lateral levels of significance
- Fibonacci- the origins and examples of applications in live setups
- Slope- Basic trendlines, parallels and pitchforks
- Confluence Zone – how to find them and what to do there
- Review of actual trade setups across the majors
- Trading Q&A Session
Why does the average trader lose? Avoid these Mistakes in your trading
A review of our latest setups that highlight live examples of how we utilize our technical approach to translate an idea, into an actionable trade.
- Sterling Weekly Price Outlook: British Pound Rejected at Resistance
- Gold Price Weekly Technical Outlook: XAU Correction Faces First Test
- NZD/USD Technical Price Outlook: Kiwi Consolidation Narrows
Join us for the next Foundations of Technical Analysis Q&A webinar on Friday April 5th at 10am EDT- Register Now!
Recent Foundations of Technical Analysis Episodes
- A Step-by-Step Trade Walk-through
- Separating Observations from Noise
- Identifying Embedded Trends
- Trading Psychology
- Seeing the Forest from the Trees
- Constructing a Trade Setup Part 2
- Constructing a Trade Setup Part 1
- Sticking to the Strategy
- Examining Near-term Price Action
Send requests on topics for upcoming Foundations of Technical Analysis webinars to email@example.com.
Want more information on technical analysis and trading strategies? Check out our Free DailyFX Trading Guides!
- Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michael on Twitter @MBForex
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.