GBP JPY - not over yet on the weekly TFMaster Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Weekly zone
Monthly
Do you enjoy the setups?
Professional analyst with 8+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
Breakdown
+4R Tricky NZDUSD BreakdownAnother trade breakdown
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
+4R Textbook trade breakdown☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
EUR's Retracement: ECB indicated Yield-Seeking on USDWelcome Investors, Dear Esteemed Viewers,
Technicals
Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and then, I would re-assess the indicators for signs of possible support. In a bearish scenario, the next target could be $1.051.
News
Beyond technicals, the European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
In the near future, EUR might follow AI's investor sentiment analytics and the bearish technical setup, but if you actively trade EUR, you might want to commit yourself to continuous research because the landscape can sharply change.
Disclaimer:
It is not an investment advice. This idea is my personal opinion. Do your research.
Kind regards,
Ely
Advanced Analysis Of SPX500 Using Fibonacci, Channels, & MoreTo continue to expand your learning experiences and to see what I do in the background (trying to figure out advanced price theory and Fibonacci secrets), I created this video to share some of my work.
The idea is for you to watch and learn - trying to pick out what you see as valuable and possibly sparking some insights into advanced Technical Analysis concepts.
Fibonacci Price Theory is the basis for almost all of my work. But price channels, price action, cross-market analysis, and multi-timeframe analysis are all part of what I use to determine probable outcomes - and I'm still wrong sometimes.
I see trading/investing is "the attempt to use your best judgment to move probability onto your side related to trade actions." After you have reasonably attempted to use your best abilities to determine the "smart trade", the next stage is determining allocation (how much you want to trade).
Remember, the easiest way to accomplish this is to focus on your RISK levels. If you have a 3% risk on a trade, figure that risk level out as real dollars - then as yourself if you are comfortable risking that amount of money on the trade.
Again, this may be a bit more advanced than you are ready for, but I'm trying to build on the basics of trend channels, basic Fibonacci Price Theory, and more. The deeper you get, the deeper it goes.
Visit my profile to see all my videos and learn how I attempt to identify future price trends (I read the charts and see the data). Plus, I pay attention to historical price trends and cycles.
How you enjoy.
Learn To Trade Breakout/Flags More Efficiently - Part IIn my first tutorial, I tried to show how price channels can be used to identify and validate strong trade setups. Additionally, I attempted to show you how to identify better trade setups from what I consider invalid trade setups.
Understanding and maintaining at least a 2:1 Reward-to-risk factor for any trade you consider taking is essential. Secondly, it is essential to understand and use proper allocation levels for trades.
The simple way to understand allocation levels is to focus on the RISK amount. If your trade risks $5 per share and you can't afford to risk $500 on this trade, then you should NOT attempt to trade 100 shares of this stock.
Set your risk level based on how much you intend to risk for the trade - nothing more.
If you can only risk $250, then you would only trade 50 shares.
If you can only risk $125, then you would only trade 25 shares.
Learning to find and identify proper trade setups on Daily and Weekly charts is critical for success in the long run. I firmly believe price tells us everything we need to know about a chart, and indicators reflect price.
As you continue to learn some of the techniques I use in various price chart setups, I hope you can refine your techniques to become better traders.
I will likely create a PART II and PART III version of these types of advanced trade setups.
Hope you enjoy.
Ethereum Only bullish to re-test a prior HighAfter the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
GBPUSD | Perspective for the new week | Follow-upU.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit resistance again at the close of last week's trading session at the $1.24500 zone. In this video, we did a technical analysis of the current market structure to decipher what to look out for in the coming week as all eyes will be on the NFP data amongst other high-impact macroeconomic events this week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY | Perspective for the new week | follow-up detailsThe crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | Perspective for the new week | Follow-upThe Greenback's biggest gains in the last week have been against the Pound sterling after the BoE's dovish hint that it may have finished raising interest rates after a 50 basis points hike last Thursday. However, the higher-than-expected non-farm payroll data of 517,000 jobs in January did not help matters as the Pound slumped further to close the week below the 1.21000 level hereby recording a 2.7% decline in value. This video illustrates a detailed technical perspective on what to expect from the current market structure in the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD | New perspective | follow-up detailsFollowing a massively profitable week for us (see the link below for reference purposes); The Gold tumbled almost 3% on Friday after a blockbuster U.S. jobs report for January which came in with whopping 517,000 jobs hereby triggering profit-taking activities on the yellow metal’s long-running rally since the beginning of the year. Price is currently trading at a critical point where the bullish trendline and the $1,860 share a confluence on the daily timeframe. This video illustrates the technical perspective of the current market structure to figure out trading opportunities for the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | New Perspective for the weekThe British Pound slipped lower in the last 10 days, handing back some of the previous session’s gains hereby dropping by 3.4% to close last week's trading session below the 1.21500 key level. With a breakdown of the $1.21500 level last week, will the decline continue? Price action is currently at a critical point as it currently trading along the bullish trendline which has been holding bullish momentum since September. So, the question this week is; Will the bullish trendline continue to hold buy pressure or will a breakdown of the trendline incite a sell-off?
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD | Perspective for the new week The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could trigger a sell-off below the $1.06000 level in the coming week(s). However, we will not ignore the possibilities of a bullish momentum if buy pressure accumulates above the $1.06000 level to respect the bullish trendline.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will transition into for signals and confirmations.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD Price Action BreakdownHello guys 👋
- This is the first video on our profile. We want to break down the chart as best as possible and show you our view of the chart with the help of a video. Leave a comment and like if you want more clips like this.
Forecasting in forex helps us prepare as well as possible for a potential entry and reduce the chance that emotions will affect us. Forecasting should be done at least twice every day, in the morning and night. On the weekends, you can do the forecast only once. Higher and lower timeframes should be analyzed during the weekends in preparation for the coming week.
1D timeframe chart breakdown
1)Daily Timeframe shows us that the price moved in a long downtrend.
2)At the end of the downtrend, we see that the price has made a Change of Character, and we notice the presence of Bullish Orderflow, which indicates that we can expect the beginning of an uptrend.
3)After a long downtrend, the price finally breaks the descending structure with strong bullish momentum, which indicates that we can expect the beginning of an uptrend.
4)After the bullish momentum, we see that the price has slowed down with the momentum (weakness), but again we see the presence of bullish order flow + EURUSD has the characteristic of going up impulsively from this kind of price action + it has a lot of liquidity to pick up.
5)In the end, the price is bullish, but it can easily change to bearish
1D timeframe forecast:
1)We see a nice change of character after a long downtrend, nice bullish momentum, bullish order flow, and we can expect the price to continue bullish.
2)The price has left wicks that tell us that the price has no more momentum to continue upward, and we expect a reversal to happen.
3)If we see a corrective pullback, wicks will be respected, and we can expect a continuation of the uptrend.
4H Timeframe chart breakdown
1)We see that we are moving in a longer ascending channel, and we see that: we are placing new HHs; we make impulses, corrections, impulses, which indicates that we will continue to move in the ascending channel.
2)But this is EURUSD, and we know we can expect to see a smaller ASC PA after this PA and see a trend change or continuation to the upside from this PA.
3)In the end, we have no bias, and we look at what will most likely happen and react to it.
4H timeframe forecast:
1)We see that the price is placing new HHs, and we notice an impulse correction impulse movement, so we can expect the price to continue to place new HHs and continue bullish.
2)After a longer ASC channel, EURUSD likes to make a smaller ASC PA and then change the trend, so we can expect that.
1H timeframe chart breakdown:
1) Currently, we see a very corrective PA; the price is between high and low.
2) we also see that the price moves from des PA to asc PA, which indicates a correction.
1H timeframe forecast:
1) Here, we expect a correction because everything points to it
2) There is a chance that the price will go bullish because they make an inverted head and shoulders pattern, but we do not want to trade in such a PA
Don't forget to leave a like and comment for more posts like this.
GBPUSD | Perspective for the new week | Follow-upThe breakdown of both the key level at 1.14000 level and the bullish trendline during the course of last week's trading session might be a sign that the sellers still have a say in this market. Though, the Pound rallies 1.9% on the last day to close the week near 1.1400, with this development I am of the opinion that we remain patient to see how the price will be relating to this current structure before making an informed decision. There is also a high-impact event coming up later in the new week hence the need to see how participants will anticipate this event is very important.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCAD | New perspectiveIt is important to note here how the price of crude oil is directly proportional to the value of the Canadian Dollar and if we take into consideration the OPEC+ decision a couple of weeks ago to cut down production by 2 million barrels per day; the likelihood of soaring oil price remains inevitable. The consumption of crude oil has remained steady despite consumers struggling with soaring inflation and I am of the opinion that the effect of these events will begin taking its toll on USDCAD as we witnessed multiple rejections of the C$1.4000 level in the last couple of weeks by the sellers. Will there be a sell momentum in the meantime this week?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD | Perspective for the new week | Follow-up detailsIn anticipation of the NFP result on Friday, Gold plunged to about 50% retracement of the bullish momentum that started the week but still posted a second straight weekly gain as price action evolved into a reversal pattern just around the bearish trend line identified on the daily time frame. The current structure screams a possible downtrend continuation but I am very much open to the possibility of a bullish continuation after considering the last week's activities.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.