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Weekly Forex Forecast (21/12/20) EurUsd / XauUsd / 30+ Pairs
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Find price action trading set ups with the Weekly Forex Forecast technical analysis and market review!
#eurusd #xauusd #dxy #crudeoil #gbpusd #usdjpy #audusd #nzdusd #usdchf # usdcad #eurjpy #chfjpy #gbpjpy #audjpy #cadjpy #nzdjpy #eurchf #eurnzd #euraud #eurgbp #eurcad #gbpchf #gbpaud #gbpcad #gbpnzd #audchf #audcad #audnzd #nzdcad #nzdchf #cadchf
This week’s Weekly Forex Forecast and technical analysis covers over 30+ markets assessing the price action of each Forex (FX) pair, the directional bias of each Forex (FX) pair as well as the key levels of support and resistance plus profit targets for the week ahead in every single Forex (FX) pair covered.
Forex (FX) pairs and markets analysed this week include:
USD Index, Crude Oil (WTI), EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF, USDCAD and GOLD (XauUsd).
Plus additional Forex (FX) pairs: EURJPY, CHFJPY, GBPJPY, AUDJPY, CADJPY, NZDJPY, EURCHF, EURNZD, EURAUD, EURGBP, EURCAD, GBPCHF, GBPAUD, GBPCAD, GBPNZD, AUDCHF, AUDCAD, AUDNZD, NZDCAD, NZDCHF and CADCHF.
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How to use the Weekly Forex Forecast
The Forex Forecast video presents the highest probability directional move for every market each week as well as a "work space" for each Forex (FX) pair by putting into place the key support and resistance levels.
When assessing the Price Action of each Forex (FX) market in the Forex Forecast video we create the analysis using multiple time frames, however the presentation in the Forex Forecast video is made in the 4h time frame.
A complete Forex Strategy:
The Weekly Forex Forecast and Technical Analysis video can be combined with GMT's Free Trading Course to provide a complete Forex Strategy for every Forex trader to approach the Forex (FX) markets with each week. It uses the following process to put the odds onto the side of the each Forex trader ensuring long term, sustainable success in the Forex (FX) markets:
Directional Bias
By assessing the overall trend of each market a directional bias is created in each Forex (FX) pair which helps put the odds on our side for reasons covered extensively in the Risk Management section of GMT's Free Trading Course.
Support and Resistance
By updating key support and resistance levels in each Forex (FX) market each week a "work space" is created allowing each Forex trader to assess potential set ups on a pullback to support and resistance levels or by filtering out trades which might be too close to upcoming support and resistance levels. It is an additional filter which increases the odds further in our favour.
Entries
In the Technical Analysis section of GMT's Free Trading Course both Breakout and Swing Trading techniques are covered and both can be used to enter positions into the Forex markets for set ups as highlighted in the Forex Forecast.
Stop Losses
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Topics associated with todays Weekly Forex Forecast:
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Learn to trade with the Free Get Me Trading Course which teaches traders how to trade Forex (FX), Stocks, Bonds and Commodities as well as how to trade Forex (FX) and Stock Market Fundamentals, Technical Analysis and Risk Management Principles.
Each section of GMT's Free Trading Course can be found here:
Thanks for watching and a big extra thank you to those who comment, like, share and subscribe to the channel!
Have a great week and don't forget to trade safely!
Get Me Trading Team
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