Forex video lessons 29th October 2013
Forex video lessons
Forex video lessons 29th October 2013 provided by Serene Education Ltd
My name is Chris Blandin De Chalain, Director of Serene Education and full time currency trader. I am here to share with you my views of the currency market through this live video recording. Come and watch me conduct my analysis on the 4 Major Currency Pairs using the MetaTrader4 Platform and Serene Educations FX Ultimate Strategy
EURUSD – forex video lessons for this Pair still batting to get above last weeks highs and in doing so putting more pressure on seeing further highs near term. Look to take aggressive counter trend trades back towards prior support and resistance levels.
GBPUSD – forex video lessons for this Pair are consolidative. Here again we see Sterling failing to move above the current Long Term resistance level that has been in effect for some 2 years. Longer Price fails to breach this psychological resistance high – more likely Price will fall back. Look to target these pullback areas. A break and close lower than the 200sma on 4hr chart would see a decline towards the prior support and resistance level around 1.59125 being a viable target
USDCHF – forex video lessons for this Pair is convergence taking place as we near the weekly fib level at 0.8878 mark. Price has become very hesitant as we have neared this level. For Price to look long term negative – this level needs to be breached ASAP. So look for a bearish Daily candle close lower with sentiment to enter short – otherwise, consolidation is in play.
USDJPY – forex video lessons for this Pair is NO trade. Daily chart still shows this Pair trading within a wedge like pattern. I’m looking for a strong break either side on a Daily chart to indicate a potential trade – Trigger alert has been set. Patience is key here…….
Be sure to watch my videos as part of your daily routine!
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