How I Do My Simple Forex Swing Trade Analysis
Kaci Jackson Kaci Jackson
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 Published On Premiered Jan 6, 2024

Excited About the Potential of this Swing Trade on EURAUD

Hey y'all!

It's 2024444444! HAPPY NEW YEAR!

I hope your new year got off to a great start. Today, I'm taking a look at EURAUD. There's some really great potential on this setup and I will walk you through the multiple timeframe analysis I complete on it here.

Using my favorite and simple tools, Fibonacci retracement and extension, trendlines and key levels of support and resistance, I find a prime potential opportunity.

As a swing trader, I look for forex setups, using this strategy, that I can trade, set and forget and continue on with my day to day responsibilities.

This is one.

Let me know your thoughts on this setup. Do you use a top down analysis? Is EURAUD a pair that you typically trade?

#swingtrade #euraudanalysis #euraud #eurusd #forextrading #forexforbeginners
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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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