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Learn How to Read Charts with FxProNow.com | Forex Trading Tips CBD#40 – EURUSD – Trade #1 Update #2

Learn How to Read Charts – On EU we see a clear level of support on the Weekly TF for about 11 weeks. On the H4 we saw a clear break of structure and complete 110% retracement. Many would have probably thought a break of structure to the downside again but no. On the daily it just showed a tested candle. Beautiful. Let’s continue the bulls. I see price heading to make a new HH around 1.163-1.173 region and that is where my TP is, a total of 300-400 Pip Move, up 110 Pips currently.

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  1. FXProNow Student – Amanda – end of chapter 7 – I haven't learned about fibs yet but this explanation of your thought process is very clear. I will continue to work on my patience and know that I will one day be able to follow along completely.

  2. FXProNow Student: Teresa- So does all the timeframes have to break a key level in order for price to continue it's trend? Reason asking is because I am seeing where you are looking at higher timeframes to see if price had broken pass the monthly key level. Thanks

  3. FXProNow Student: Rayna- I am now seeing how the monthly and weekly key levels are used in your analysis. I am still in the beginner stages of understanding the full chart but you do a great job of breaking things down. Thanks!

  4. FxProNow Student: Ricardo – Chapter 7 – 4:49 – as you can see I'm at chapter 7 and i haven't gotten to fibs yet. From what I gather you are essentially using fibs to tell you where to place Stop losses and Take Profits Correct? And is fib the primary method we use to do this?

  5. FxNowPro Student: JusthinkCh 7- Video 2 of EU How to read charts- Im starting to understand how important different TF and Fibs together can tell you how to handle where to look for your trade. good stuff teach.

  6. FxProNow Student: Isaiah. Ch. 7 I’ve just reached my first section of CBDs and I’m just a little lost. I know that if I complete the course it’ll be easier to follow along. But you speak of fibs and where we’re aiming our TPs and I haven’t gotten even close to that info. But I’m more than excited to reach those sections and I’m sure that the more I watch these CBDs it’ll all start to come together

  7. FxProNow Student Dexter Where did you determine was your entry point for TP 1 and TP 2 or did you cover that in another video? I would assume that would be the case as the price hadn't yet reached the target at the time of this video.

  8. FXProNow Student Khaliqa: 8.1 completed (8/9/21): I have a better understanding of how higher time frames give a better perspective of whether or not structure is broken Thanks Phil (I've restarted my CBDs because I wasn't doing them in the correct order)

  9. FX pronoun student, Todd J Reich, it's been on my mind, do you find it at any importance to read the economic calendar especially with certain amounts announcements depending how bullish or bearish they are some of these big announcements move the market to another price level or taking it to one of the monthly levels, really enjoy the video

  10. FxProNow Student: Haleem- End of Ch. 7 How do I know where to place my fibonacci retracement tool? Are you placing it at the significant low point of the market?

  11. FXProNow Student Daniel H.
    I am at the Stop and watch the three CBD vids in the course.
    Earlier in the course you said 88.6% fib is the last line to hold your trade
    In this Vid point C (6:13) has clearly closed below at 110% which is also below point A….
    can you explain why you still expected this pair to hit targets after it has closed below 88.6%
    Thank You

  12. FxProNow
    Student: Marcus Webb – Ch. 7 – A bit confused about your “point A, point B…” and where and how to use Fib retracement but I feel this will become clear with repetition in later videos.

  13. FxProNow Student: Jesus Chapter 7 3:08– I just want to make sure I'm understanding your point A to point B. So based on the video, your point A starts at the bottom of the impulse, and when it reaches the apex of the impulse that becomes point B, correct?

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