[02:18] >> [music] >> Good morning.
[02:33] >> Welcome to the show. We didn't hold this last week. All right. Uh this is a new week. Uh this is a new week. And I am back to legal.
[03:01] Leaves, [music] are you in charge now? I made it to get my Buddha.
[03:24] Ooh. >> [music] We are looking at the forest market. I forgot to do that. So, I'm not going to listen to this.
[03:52] We look at the We look at ahead and look at EUR/USD, GBP/USD, Australian Dollar/USD. I'll look at gold
[04:06] to decide where we can take an entry from. And, you know, how to get a very good trade today this week. Now, something happened on Friday,
[04:19] NFP. Okay? And the result came out negative I've been bullish on the dollar, you guys know that. I've I've been like bullish on the dollar. But, the result came out negative for the dollar.
[04:33] came out negative for the dollar. That is why we are seeing this, like daily time frame. That's why I have this black candle here. It's It's a It's a result of what
[04:46] happened on Friday. But, generally, I'm still very bullish on the dollar. Now, my initial plan is this. Is that when
[05:06] okay? Then we'll go higher. That was just my plan. But, with what the dollar uh with what the news came out for the dollar yesterday,
[05:19] it means that we may actually still go lower. So, the possibility is this. Is that we can break below this and go lower. But, mind you, we still have
[05:32] have we still have an imbalance here. So, this is a fair value gap. The whole of this area. Okay? So, which means that
[05:46] of this area. Okay? So, which means that we can still come low low to this end and from there we can go higher if we get a confirmation. I hope that makes I hope that makes sense.
[06:03] cannot move up from here. I'm just saying that if we break below this, this is the next place I'm looking at. And generally, it's still bullish on the dollar. We have um change of character here,
[06:17] change of character here, retracement, break of structure. So, we could have a deep retracement and we can still go higher. Okay, so it's it's not like it's not as if it's it's not all bearish. Maybe for
[06:32] the next 2 weeks it could be bearish depending on what happens here, but generally it's still bullish on the dollar. Okay. So, let me just move down to a lower time frame to make it make more sense.
[06:45] time frame to make it make more sense. Now, the reason why I drew this line was looking for a confirmation. That is why you don't just blindly take a trade. Wait for confirmation. I was simply waiting for a confirmation this way
[07:01] can take an entry. That confirmation didn't come. here. I hope we don't have a range all through We might have a range all through here. I I really not hoping for that.
[07:19] for me to go long, this is still this is still on the plate. as we've not gone below this external low
[07:33] here, this is still on the plate. If I move above this, then I'm going long to this particular level. This will be my target my target if I'm going long. But
[07:45] if it happens that we go below this, if we go below this, we're moving into an inefficient zone, which means I'll start looking for short position to this area.
[08:00] Then from here, I can start looking for long positions again, like this. does. I remember the news came out positive, uh would have been going long now, right? But the news came out not so good
[08:13] for DXY. And this is the possible scenario that could play out um based on that. for um
[08:26] for this what DXY is showing me. Again, Again, I will only go long if I get if the if the if the price goes above this level,
[08:38] and I'm going short if price go below this level. I'm going short to this particular um to this imbalance we have here, the fair value gap we have here.
[08:50] Then from here, I'm also looking for confirmation entry, maybe to move higher from here. So, this is DXY. So, how do we now trade it? Because we don't we don't trade DXY, we trade EUR/USD, GBP/USD, and the
[09:02] Okay, this is now the euro. Euro on the 4-hour. Let me go back to Let me go to daily time frame. So, euro is it's mostly the opposite of what the DXY is is showing. And so, we had a break of structure
[09:16] here. Over here, this is the first external on that dollars, And the the plan was simple.
[09:29] If we get to this region, okay, we'll look for confirmation entry. we're going short. But did it come? But did it come? Well, it didn't come. Let's go lower.
[09:46] these are my areas. This um um um one daily order block here and this mitigated so I can actually go ahead and remove it remove it
[09:59] if I want. So, what is still the plan? The plan is still this plan is still valid. Okay? So, we have Okay? So, we have um So, see what I mean?
[10:15] DXY, just like in the opposite direction. If I have price go below this because of this break of internal break of structure I have here, it's an
[10:27] internal BOS, then I'm going short this way. I get this region. As simple as that. So, just have to wait to see what happens. But, if that doesn't happen,
[10:40] I want to go Let me go back to the daily time frame and show you guys something. So, if you go to the daily time frame, you will see over here
[10:54] where is this tool? You see over here Okay? If I want to draw say um I could draw
[11:09] here as a supply zone.
[11:32] the whole of this region. Okay, still okay. Okay. So, this is simply saying that um
[11:46] Let me go back to the 4-hour time frame. So, what I'm simply saying is that if we have a break above this now, then I want to look for long position to Then, when we get to this area, I can now look for my what? Confirmation entry
[12:02] to now go lower. So, this is just the same plan for the Euro, but just opposite of what we're seeing in the DXY. Again,
[12:14] on the 1-hour now, if I get a break below this line, then I'm going to just go short. So, all I'm doing is just waiting right now. I'm not taking any trade today. I'm just waiting to see if this happen. If this
[12:29] happen, then I'm going short. But, if that doesn't happen, but this this goes above and break above this, then looking for a pullback to take a long position decide what happens when we get here. I
[12:43] Hope this makes a lot of sense. So, this might just be trade for the week, this happens, see what happen. If it goes above, it happens, we'll see what happen. That might just be the one trade you get on the the on on Euro the
[12:57] trade you get on the the on on Euro the whole of this week. um Let's go to EUR/USD. EUR/USD has has been being really clear for some time. It's not really clear for some time,
[13:10] okay? We're still on the daily time frame. What can we get here? following the dollar the way the following dollar
[13:23] in the opposite way, the way the Euro has been following in and you can see that here because instead of a break of structure below we have a BOS above which means that we should be bullish, right?
[13:38] bearish. That is the conflicting thing with the based off of that okay, I still drew some things here.
[13:50] The areas I'm looking at is the one the area we are currently in here the area above here. So let's go deeper and study the study them. The first area, why I chose this area is
[14:04] because of this BOS we have here. Okay? And the idea is that when we get to this point, confirmation entry is going to lead me lower, but still we're not getting a confirmation entry
[14:16] and I'm going down to the to the one what time frame. So still the same thing similar to what I explained in in um euro because right here what we are
[14:29] if you're looking at this top and this bottom this is just a range we're seeing here. Over here is the internal break of structure. I'm going to mark it out. Still considering that area over here we
[14:44] Still considering that area over here we have this internal BOS. So which means that if we go below this line then the same thing I'm taking a short position to go lower.
[15:00] Okay, this will be my entry. And if you look at this top as well and this is where this is where this becomes dicey. If you go above this, we can go like this. If you go to this point then I
[15:14] again I'm still looking here for a way to short this this particular position. But to go long the way I I made it I talked about it in the in the Euro. I'm not seeing that clear opportunity to go long here because it's all messy in
[15:30] Okay? But to go short, if the opportunity just appears, then this is what I'm going to be I'm going to be doing. Now, let's go um
[15:43] go um deeper and look.
[15:59] Another possible area to look at again. But for GBP, let just see what happens If this doesn't happen, I mustn't trade every other thing everything. If this doesn't happen, let's watch what happens the whole of this week and next
[16:12] week. We'll decide to see we'll decide based on what the chart is showing us if we can get an entry to trade this or not. Let's go to the next one, which is the Australian dollar. Um Australian dollar
[16:27] Um Australian dollar USD.
[16:44] Um I don't want to go that low. One is that AU I've been I've been watching two critical parts. blue. The other one is this particular level I
[16:58] Uh reason why I drew this from this looking [clears throat] for it from a broader sense is that there's a possibility that we get below this particular level here.
[17:12] There's also a possibility we go below the we go above this particular level. timeframe and go deeper into the place we are currently in and look at what the price action is showing. So, this is also a dollar-based
[17:30] um currency pair. Okay? Um the first move I expected was this, which played out just wonderfully from this particular point. We tapped into
[17:42] here. The next move I'm expecting is again is this. That we have a confirmation entry and we'll move down this way. That is the next move I'm
[17:56] But then again, but then again, just just like I said, the same NFP is affecting this as well. Because this might not be OB, but the simple way to look at this is again is that we are in this area. This is a
[18:10] demand this is an area of interest. You simply go ahead and draw this. Okay? Put an alert on this particular line.
[18:24] short position. The only condition is this.
[18:37] you have price go below this line, then it's simple. You take a short position. That is just it. Now, for long position um
[18:50] a gap here, but because um it's not really it's not a wide gap and there are lots of um price action here.
[19:02] I could say that if we go above this position, but long position to where? Are we looking at this place? Are we
[19:15] looking at this place? But so, let just see what happens if we break above this. happen because yes, if you're looking at it, it's a possibility. it, it's a possibility. We can come here and do this and go and
[19:29] go below. But this is I just have to wait. I just have to wait to see what happens if we break above this line. Are we breaking above here? Are we breaking Are we breaking below here? But so far, what
[19:43] we breaking below here? But so far, what is really clear is just the EUR/USD is GBP, um, okay, on the lower side. Australian dollar too on the lower side, but GBP is giving us a clarity on both
[19:56] the lower on going going short or going long. The next one is A um, XAU, which is gold. Gold has been I've been having a very good trade in gold for some time. A very good trade. So, we had a good
[20:11] trade here, a good trade good good trade here. Even a long position from this particular point, which was really good. Now, we are here. Okay? We are in this position. Um, I'm I'm just going to close some of
[20:24] this thing so it doesn't it doesn't Okay. Now, there are two here. One is this. This here is a zone.
[20:39] frame. Here too
[21:18] can come back up all the way to this zone. This $5,000 zone.
[21:33] Gold can come back all the way to this $5,000 zone. down here. But when we start breaking above this particular lines, we can come back all the way to this $5,000 zone. So, what
[21:48] Let me go to a lower time frame so it makes sense to you. missed that making sense. All these things Initially, this this my plan for gold. My plan was that, okay, if we get here,
[22:02] where I've been trading this trading this trading this. If we get here, if I get a confirmation, we go lower. But when we got here, again, on Friday, we have the dollar being very weak. And because of that,
[22:15] it might give strength to other currencies like gold. So, if we don't get a confirmation from here and we go lower, okay?
[22:27] There is now probability that gold starts climbing. And when gold start climbing, the probability is that we are getting gold to this um to this very point. So, if we break,
[22:45] Okay. So, if we break, if we um break above this line, this one here, probability we'll start going higher. If we break above this one, too,
[23:02] then there is not a higher probability that you know, going high. As a matter of fact, now, then I am more bullish on gold. I'm more
[23:15] going long all the way to this particular zone before I start going I start considering going short again on
[23:27] going short again on on gold. this protected high,
[23:41] okay, I'm still my alarm is still here. I'm still waiting to see if the chart is going to go lower or if the chart is going to go higher. And if the chart goes lower, definitely I am I am shutting gold. But if it goes
[23:55] above here, then my direction changes. Again, all these my direction changes. Again, all these things are affected by what happened on Friday. So, this is the analysis for the for today.
[24:07] Tomorrow, we'll look at the crypto market. Again, euro. Uh if it goes below, I'm going short. If it goes above here, I'm going long. For GBP, I am only considering what
[24:21] happens if this gets broken. I have not defined what the conditions for going long. The same thing for AU, the condition for going short I've defined it. For going long, uh there are still a lot of nuances to it. I have to look at
[24:33] it again if that level breaks. And the same thing happens with gold. So, that is analysis for the week. Somebody asked me, "How is
[24:49] good. I don't know if you Okay, you're not seeing the test. not seeing the test. If you were in the test um If you were in the test um the test
[25:04] there on what we are doing, how it's going, but it's going as expected. but sometimes delay happens, but we are going we are we are going good. And we're looking forward to launching this
[25:18] we're looking forward to launching this very month. I'm going to see you same time
[25:30] tomorrow to look at the cryptocurrency cryptocurrency market. Bye, everyone.