Forex Technical Analysis for Beginners

Forex Technical Chart Analysis Strategy for Beginners

Hey y'all!

I'm popping thru on a Tuesday morning!

I wanted to share with you all what I was seeing on AUDUSD. EURJPY reversal trade was invalidated and so, we move on to the next potential opportunity!

Staying detached from wins and losses is the name of the game. Keeping it mechanical and methodical makes this possible.

Today, I'm taking a full in depth look at AUDUSD. It is one of the major pairs that is heavily traded. We have some upcoming fundamental news that could move the market to give us the potential move that I see on this pair. I see a longer term potential swing trade on this setup. You all know I love a good swing trade.

In my analysis, I use the Fibonacci tool, key levels of support and resistance and trendlines. What I am really looking for is to build my case to support my directional bias of this forex pair, in order to execute on my strategy.

Join me in this short video as I walk thru both lower and higher timeframes to share my perspective on AUDUSD

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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