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In this episode of our bi-weekly webinar on the Foundations of Technical Analysis we discuss the intricacies of intraday trading with a slow-motion step-by-step walkthrough our most recent setups on USD/CAD and EUR/USD . It's all about the levels and once you've identified where you want to operate, the attention turns completely towards what is happening in near-term price action.

Topics Discussed:

• Assessing where price is with respect to trend using multi-timeframe analysis
• Identifying confluence regions of technical significance
• A close look at near-term price action – how to identify proper entries / trade execution
• Fading out of positions- adjusting stops / trade size as price moves through your targets.
• Review of actual trade setups across the majors
• Trading Q&A Session

Why does the average trader lose? Avoid these Mistakes in your trading

A review of our latest setups that highlight live examples of how we utilize our technical approach to translate an idea, into an actionable trade.

• Gold Price Technical Outlook: XAU/USD to Threaten Deeper Correction
• Canadian Dollar Price Outlook: USD/CAD Testing Key Trend Support
• EUR/USD Price Outlook: Euro Fails at 1.15 - Levels to Know for NFP
• Crude Oil Technical Price Outlook: WTI Pullback Testing Pivot Support

Join us for the next Foundations of Technical Analysis Q&A webinar on Friday February 22th at 10am EDT- Register Now!

Recent Foundations of Technical Analysis Episodes

• Separating Observations from Noise
• Identifying Embedded Trends
• Trading Psychology
• Seeing the Forest from the Trees
• Constructing a Trade Setup Part 2
• Constructing a Trade Setup Part 1
• Sticking to the Strategy
• Examining Near-term Price Action

Want more information on technical analysis and trading strategies? Check out our Free Trading Guides!

- Written by Michael Boutros , Currency Strategist with

Follow Michael on Twitter @MBForex