Foundations of Technical Analysis: Examining Near-term Price Action

Foundations of Technical Analysis: Examining Near-term Price Action

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Foundation of Technical Analysis: Building a Trading Strategycomplete series and webinar archives

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we discuss the intricacies of trade execution in the aftermath of today’s Non-Farm Payroll (NFP) report. As we’ve noted throughout the course of this series, having a trade bias is only half the game- identifying viable opportunities within a basic technical trade setups is based on a closer view of what near-term price action I saying.

Topics discussed:

  • Trading Event Risk – Review of today’s EUR/USD post-NFP price action
  • Identifying opportunities within the confines of a given trade setup
  • Fade / Exhaustion trades
  • Adjusting leverage / trade size based on the position (counter-trend vs trend)
  • The multi-timeframe approach
  • Q&A Session

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A review of the latest USDC/CAD, AUD/JPY & AUD/USDsetups 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 (returning June 2018) where we’ll take the entire session to answer your questions on trading. Register Now!

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—Written by Michael Boutros, Currency Strategist with DailyFX

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Published at Fri, 06 Apr 2018 16:25:00 +0000

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