CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
Orderblocks
NZDCHF Analysis: Downtown...?NZDCHF has hit a HTF bearish order block, and may be indicating a bearish response. Price has formed a 1H OB here, and price dropped a bit, and is now returning for a retest of the OB. I expect further declines. If price breaks the high of the OB, this invalidates this short setup. 0.65500 is the area I am watching for signs of reversal.
Look for your confirmations before entering any trade. No confirmations, no trade!
CADCHF Analysis: Going down?CADCHF looks like it is setting up for a short. After a long macro downtrend, price finally found buyers in April. Now, after testing the Weekly bearish order block, price is working its way down again, making LLs and LHs. The current D1 candle is bullish, but this may be only the short term. I believe price will reach the 1H bearish OB, and continue the bearish momentum.
USD (DXY) is Strong, for now....Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.
Weekly Market Breakdown - My WatchlistHere I am taking you through the pairs that I am looking to trade for the week commencing.
If I am looking to take any other trades I will keep you informed.
But the top 5 on my watchlist this week are
EURUSD
AUDUSD
EURGBP
AUDCAD
and
NZDCAD
If you have any questions regarding the analysis then please do let me know
XAUUSD (Gold) trade idea - Breakdown!This is the trade I hope you took during Thursday's trading session. Check out the link below to see the setup I published for it.
I walk you through the trade, step by step, so that you can catch this and the next one on your own!
Check it out.
This is order flow, and trading with order blocks.
Like and subscribe if you like the content! I would appreciate it.
Thank you for your support!
Gold (XAUUSD): Bearish Continuation?Gold has broken structure to the downside, and returned to the OB that impulsed down. It maintained the high of the OB, and dropped. This indicates price is maintaining the bearish momentum.
Now, price has formed a bearish OB, and presents two scenarios for opportunities.
Check them out with me.
Are you going long or looking for shorts? Leave me a comment on your bias with Gold!
Thanks for your support.
Don't forget to LIKE if you find my analysis beneficial, and want to see more.
Update GBP/CHF Quick Short RecapWasn't really looking to go short until I saw the close on the daily chart last night just before London by a few hrs. Interesting, though to see how one feed from Oanda shows something entirely different than another feed. Not a bad idea to use two different feeds to get some confirmation.
Trade well!
NZDCHF Analysis: Update and ClarificationMy apologies! I totally skipped an available opportunity in this pair! It was worthy of mentioning, and I didn't.
NZDCHF has indeed broken structure to the upside, and we now await a return to impulse. However, there are plenty of pips to brab before price hits that bullish order block!
A short for day traders and scalpers is available right now, as price is rejecting from a bearish order block!
Check the video out for details.
Weekend Analysis + Market Re-cap Looking at some good trades i took on AUDJPY this past week
Also breaking down some of the pairs in which I am looking for some possible trend continuations or trend reversals based on the market structure that presents itself.
Any questions on the analysis please do let me know via a comment or message.
Take Care
Ben
AUDUSD: Trade Breakdown!This one is a teaser for that one! Has a technical glitch.
Below is the actual video! Click on it to play!
In this video, I break down the AUDUSD short I mentioned in my Forex Weekly Forecast video posted Sunday on my Channel.
Price found our POI and is now in proft. Did you get in this trade? Is there still a chance to find a valid entry? How do you set your SL and TP? I attempt to answer these questions and more.
Check it out.
Hit the "Find Me" button below to go to my Channel and learn more.
Thank you!
Upcoming FOREX Weekly Forecast: What pairs do you want analyzed?I want to interact more with my subscribers! Tell me which pair or instrument you want analyzed for the week ahead, and I will
include it in my Forecast video!
I'll be looking to cover all the majors and cross pairs, along with Gold , indices, and US Oil .
I analyze AUDJPY in this video, as an example.
Guys, I'm leveling up, and I want you to level up with me! Let's build a community of consistently profitable trader together!
Leave me a comment with your request, and I'll be all over it in the next video!.
FOREX Weekly Forecast: What pairs do you want analyzed?I want to interact more with my subscribers! Tell me which pair or instrument you want analyzed for the week ahead, and I will
include it in my Forecast video!
I'll be looking to cover all the majors and cross pairs, along with Gold, indices, and US Oil.
I analyze AUDJPY in this video, as an example.
Guys, I'm leveling up, and I want you to level up with me! Let's build a community of consistently profitable trader together!
Leave me a comment with your request, and I'll be all over it in the next video!.