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Learn How to Read Charts – CBD #57 – EURUSD (350 Pip Move) | FxProNow.com | Forex Trading Tips

EURUSD: BULLISH TP: Swing to 1.172 – 350 Pips #Forex #FxProNow
We see price is still at this level of support on the Higher TF – Weekly
There is no signs of breaking it…
Price has pushed a little further down, closer to the real level of support.
I am looking for this support to stay held and for price to push up at the least to 1.172
I found this by going to the Weekly and finding where should price get to, at the least? 38.2% – 1.172
My Fibs was placed from Point A being @ 1.24 and Point B being @ 1.13 our pending Point C is 1.172.
This is a swing trade. Different from most trades that I take.
This may take a good amount of time to get to our TP but clean 350 Pips is worth it.

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  1. FxProNow Student David: With consolidation areas, do you think it would be good to place a channel on the bottom and top wicks of the consolidation area to point out that price is bouncing between so and so range? And in this you could also catch some pips in between. Hopefully what I asked makes sense

  2. Fx Pro Student- Shumekia Conley- 0:42 If this pair holds the level of support as described in this video and previous on the weekly, do we wait for bullish confirmation to take entry, or can take entry right after the weekly candle closed that shows support was held? Thanks, SC

  3. FxProStudent Student-Robert: I have always heard that patience is a virtue in all that we do! After watching the last two CBDs you obviously have master the art of Patience! Is there one particular book that stands out that you could recommend for developing more patience?

  4. FXProNow Student: Castle – Chapter 7 – 3:39 – Is there a certain risk to reward ratio or percentage you favor when setting a trade in this consolidation type of pattern?

  5. FxProNow Student: Kirk McLean – Ch. 8 – 0:45 – I once heard someone say that the more an area gets tested the weaker that area becomes, is there any truth to that statement?

  6. FxProNow Student Zee Rogers Ch 7…I so have to get used to the swing trading because I was first introduced to scalping 10pips at a time…whew lol

  7. FxProNowStudent: Leon Sutherland, Ch8 – Another great lesson in exercising patience. Lessons like this one definitely make you think about the type of investor you want to be.

  8. FxProNow Studend Gregory 2:08 You spoke about your trade going positive then negative repeatedly. How do you manage stop loss when you enter trade that's slow to move as you expect

  9. FxProStudent Student-Stephanie: Just going at this the first time around… Apprehensive about this, going a little over my head but I know I'll manage it when I go at the entire course the second time around when I do the actions like Opening the Hugo's way account and subscribing to Trading View. But never the less I'm very encouraged in my spirit that 'Yes' I CAN do this. I just need to complete TROUROUGLY the first round of this course. Learning from osmosis for now. Thank you. p.s. This is my 6th video on EURUSD breakdowns… I need to remember where I left off.

  10. FX Pro Now student: Teresa Hi Philip. I read the comment that you wrote on Shumekia Conley post. Anxiously anticipating getting to section 14-18 to learn more about the different timeframes for entries and BOS. Thanks

  11. FxProNow Student: Ricardo – Chapter 9 – Lol I badly want to skip ahead to Fibs because it seems so interesting and its probably the only thing I didn't understand in this particular CBD. Buuutttttt I'm going to stick to the program, I know it'll pay off in the end.

  12. FXProNow Student : Calon Gibbs, seeing How Price Keeps testing the key level without closing under gives me clarity as well as confidence concerning how I should manage my trades

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