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Technical Analysis

FOREX TECHNICAL ANALYSIS – 04.02.2018 (Trading Chart Analysis)

In this video we look at the charts for the coming week and go through the forex technical analysis for EUR/USD, AUD/USD, GBP/USD, USD/CAD, EUR/JPY, USD/JPY.

This video is not intended to replace your own analysis. Make sure you do your own technical analysis before entering any trades. This analysis is here to help you find the possible areas of high activity and the major significant levels in the market. After that point, you should use a wider range of tools, as explained in our full online training course.

Presented by Nicholas Puri

• What are Type 1, Type 2 and Type 3 closes?
• What are significant levels and how do I trade them?
• How we use Fibonacci retracements:
• Making predictions with our analysis:
• What’s the certainty of our trades?

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• What are Type 1, Type 2 and Type 3 closes?
• What are significant levels and how do I trade them?
• How much money do I need to trade?
• What broker should I use?–QXK24
• How do I open a trade and calculate my position size?
• What is leverage and how does it work?

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  1. 2 Beast

    February 10, 2018 at 8:42 pm

    Hey Nick! Out of curiosity, how do you feel about Harmonics…I was curious considering it's based off of Fibonacci levels & was wondering how it would mesh with the Duomo Method…

  2. Edgar Brincat

    February 10, 2018 at 8:42 pm

    Thanks again Nicholas for this video. I'm watching it late this week as I was very busy with my day job. In hindsight, It looks to me like the EURJPY is still in keeping with it's previous structure. Correct me if i'm getting this wrong, but the lower open on the bearish candle on the dly chart from the 5th makes the bullish candle from the 4th a type 2 with the -27.2 level. Is that fair to say? With the bounce off the lower trend line on the 6th maybe suggest that these levels are still in play. Onto the expert

  3. Ryan Draper

    February 10, 2018 at 8:42 pm

    Sup! Wondering if anyone can help me!?, if i deposit alot of money into a my forex account, what happens if the broker goes bust? Do i loose all of my money, i know most will cover you for between 20k-50k, but what if i have hundereds of thousands in their? What do the richest retail traders do? Can anyone recommend a broker who covers full account support or some good advice!

  4. TheMechwar

    February 10, 2018 at 8:42 pm

    I wouldn't use only technical analysis these days due to the small market metldown worldwide…

  5. Kulwant Bajwa

    February 10, 2018 at 8:42 pm

    Excellent video 😊

  6. Lungisani Moloi

    February 10, 2018 at 8:42 pm

    hi Nicholas thanks for the video, i would like to know the software you are using to generate the charts??

  7. Christopher Portway

    February 10, 2018 at 8:42 pm

    Great Superbowl, the defenses didn't turn up! The highest yards in NFL history!

  8. Jason Lee

    February 10, 2018 at 8:42 pm

    Are you bearish USD/JPY for the short term? Was wondering what a professional thinks especially due to all of the news

  9. Grzegorz G

    February 10, 2018 at 8:42 pm

    Thank you Nicholas.

  10. The Machine

    February 10, 2018 at 8:42 pm

    Once again thanks for the awesome tech analysis video! Did mine yesterday and it feels great to see that some of the things you have shown co-inside with what I've got on my charts too and also things I've overlooked – Thanks to learning at Duomo =D – Boom, have a good week!

  11. Nick

    February 10, 2018 at 8:42 pm

    Do you trade news? Lots of interest rate decisions this week.

  12. Bryan Gilbert

    February 10, 2018 at 8:42 pm

    Take a look at the bear flag on AUSUSD, monthly timeframe. Very interesting

  13. Aviran Zafrany

    February 10, 2018 at 8:42 pm

    As always, thank you Nicholas, very appricated

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