JayForexAcademy

JayForexAcademy

There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar

JayForexAcademy

Price reached my entry zone which rejected bearish prices for a short while but the initial momentum had become too bearish for price to start buying from that entry. Outcome: SL hit

JayForexAcademy

The setup failed and hit SL. That's why risk management is highly important. No matter how promising a setup might look, only take a calculated risk that is not above 4% of your equity.

JayForexAcademy

We had two setups today: gold and NZDUSD and although gold missed our entry, NZDUSD activated during the FOMC statement and rallied upwards. Price action will determine whether price will continue bullish or not.

JayForexAcademy

The Crude Oil Inventories data did not affect price but the FOMC statement melted price and our entry was missed by some few pips before price rallied and that's okay because it happens

JayForexAcademy

Just like the gold setup I published earlier, I also think NZDUSD will behave the same. Likewise beware of Crude Oil Inventories

JayForexAcademy

Gold has a high volume and momentum bullish candlestick that was caused by yesterday's core CPI news. With the momentum candle having broken structure upwards, I think it's most likeley that price will continue bullish at least to run the engineered liquidity above yesterday's daily high. NOTE: BE CAREFUL OF CRUDE OIL INVENTORIES AS THEY MIGHT NULLIFY THE SETUP

JayForexAcademy

Price used the core CPI news to take out engineered liquidity below DXY last week's lows and above XXXUSD last week's highs.

JayForexAcademy

Losing is part of the game and the earlier you accept it the better it'll be for you. However, you shouldn't just lose. You should try and become as profitable as possible and all your losses should be clearly calculated and expected but not hoped for. That way the loss will not weigh down on you and affect you psychologically.

JayForexAcademy

We had some nice setups from last week that moved well this week like this one on Nasdaq. All TPs hit

JayForexAcademy

US100 broke structure upwards and there are still imbalances that need to be filled upwards. So I think that it might retrace to the price above which it broke structure, that is around 1162 - 1160 and buy off from there at least up to the current highs at 11826 where a run on engineered liquidity might happen. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT....

JayForexAcademy

We had this 3H gold sell setup on 5th Dec 2022 that had failed to activate because price was in a rush downwards. So last week the setup activated although it rallied a bit higher than my expected entry to take sell orders at around 1805.80. However, the stop loss wasn't hit and the trade is still active. Let's see how it goes. ALWAYS APPLY PROPER RISK MANAGEMENT.

JayForexAcademy

US100 once again dipped into the 4H order block at 11504 this week from which I anticipated demand to kick in following the previous setup last week. I anticipate DXY to drop further and that's why I think US100 might rally at least to fill a volume imbalance above last week's highs. Let's see how it plays out

JayForexAcademy

If you've been following my setups then you probably saw this DXY setup that was most likely to sell off from a break of structure supply zone. However, since it didn't further break structure last week, it rallied a bit to run last week's short term highs. Let's wait and see how much lower price action will drop. Though with how price action is playing out, it...

JayForexAcademy

I shared the setup yesterday and price spiked to my intended zone during the PMI news then continued upwards. If you're interested in learning you can join my training and or mentorship sessions. I'll be happy to have you on board

JayForexAcademy

As nasdaq rallies, it has left behind an imbalance and an order block which might be a potential buy zone for the large institutions in case price retraces. If that happens we will be looking for price to continue filling the imbalance upwards. R:R = 7.4

JayForexAcademy

Nasdaq obeyed the zone and went right up to fill the liquidity void

JayForexAcademy

DXY has a strong bearish momentum and has already broken structure on the hourly timeframes. I therefore' think that it'll drop further to take run the short term lows created this week and possibly to also run an old week's low. R:R = 2.5. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT