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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Could The Australian Dollar Reverse Trend ?

2010-11-25T12:13:37+00:00
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By in Forex Trading Videos Last updated on | 3 Comments

Video Synopsis - AUDUSD Outlook, Australian Dollar to Reverse Trend?

In the above forex trading educational video I discuss the AUDUSD monthly chart and I plot some key horizontal levels on the chart. The idea is to start with the higher time frames when drawing horizontal levels, then we scale down to the lower time frames.

In the above video I demonstrate how to first draw important horizontal levels on the monthly chart showing “containment points” of resistance that occurred on the AUDUSD at the time of the recording of this video. Drawing levels of support and resistance on the monthly chart can give you a good perspective on what the market is doing, this way when you zoom down to the lower time frames, you have some reference points to watch for price action setups to form around.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. andrew May 10, 2011 at 11:34 am

    thanh”s man

    Reply
  2. Lordy April 5, 2011 at 4:09 am

    Thanks Nial for sharing these helpful tutorials. Regards

    Reply
  3. Robert March May 25, 2009 at 3:02 pm

    Great stuff. If you can supply any additional information on video, I would be happy to view. Keep up the good work, and make many pips.

    Reply

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