Daily Forex price action analysis – 2016-03-30

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In today’s Price Action analysis I spot several trade setups on EUR/USD, GBP/USD, AUD/USD, and USD/CAD. Sadly, by the time I was ready to post the analysis, the trade setups were already canceled as price continued to move with the trend. I thought it was worth posting this analysis anyway…

…Because this is just a reality of trading. Sometimes you do your analysis, you see great setups, you get excited, then BAM, price keeps moving and its all over. So I thought to myself, why not share this analysis anyway? Even if the setups fizzled out, I captured a moment that every trader faces several times per week, so it is worth sharing.

Also, I do discuss a few topics that you may find interesting in this analysis. I explain currency correlations and how they effect my trading decisions. I also discuss some price action techniques which I use to manage open trades.

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Want to know how to put this price action analysis to use?

If you’re a price action newbie, check out my advanced price action strategy. This will give you a better understanding of how you can trade the setups I discuss in this analysis.

You can also browse through my hours of price action webinar recordings here.