Forex Weekly Outlook: Clean Setups & Key Levels — Full Breakdown & Transcript

[04:16] >> [music] >> Welcome to the live.

[04:36] I Kofi from Ghana. Stay tuned. Welcome to the live. [music] Let's get started.

[04:49] >> [music] >> let me just turn off the music. >> For the past 3 weeks, all the setup I've given you guys here has played out.

[05:03] Okay? Last week, this is exactly the setup I gave. Discord as well. This is the setup I gave last week and you see it played out very well on

[05:19] um GBP/USD. It also played out because this is This It played out well here. This is where we took the trade. It played out here last week. Now, the other week,

[05:34] the other week, this is the trade we took here, this one. took here, this one. And you can see we took it from And you can see we took it from here

[05:46] to here. And it played out if the same thing with GBP USD was taken from from where is it here to here. All these setups are not less than three hour. Risk reward ratio is

[06:00] not less than three hour. So uh just by just attending this live stream you'll have taken three you'll have had three consecutive winning weeks on Forex. I'm not I'm not even talking

[06:13] about crypto because crypto we do crypto every Tuesday. So I'm giving you the same setup clean setup every single week. attention um then

[06:26] wait for the setup to happen. When it happens the confirmation you take that trade. It's as simple as that. So let's look at what's happening this week, okay? What we can do this week. So start with if you go to Forex Factory

[06:39] is this is going to be a a clean week. There is no news to disrupt the charts. I don't see any impact news. This is Monday nothing on Monday. um

[06:54] Nothing on Monday on Tuesday tomorrow nothing. Wednesday Wednesday we'll have Australian dollar but it's nothing as well. Tuesday Thursday we have um a a high impact news on

[07:08] on um US dollar but I don't see this as as significant as the CPI as or as the FM OC. FOMC I don't see this as significant as that. So we're we're having a pretty

[07:21] clean week trading week in terms of price action for this week. Okay? So let's start the analysis starting where I always start the US dollars because

[07:33] the US dollar index basically tells you what every asset that is tied to the US Okay? We're on the four hour time frame and every single week, okay? So, here we have break of structure. Then, we have

[07:48] change of character here. I think it's about the time I started started, you know, holding this live. And we have traded it down this way. And now we are trading up this way.

[08:05] And now we are trading up this way. Okay? just tells you that you're going to retrace and come back up. Now, we have had another break of structure here. The target I am looking forward to being

[08:20] taken out right now is this one. This line here is the target I look forward to being taken out. Let me make it a thicker line. So, this is the line. This

[08:33] high is where I'm looking forward to taking out. So, how do we now get to that high? That's just the That is just the question for um dollar index. I'm going to Hold on.

[08:46] Hold on. Let me make sure my chat is all good. to see. Right now, because of this high we made

[08:58] this one, this break of structure we made here, okay? This is the external low. More like a protected low, this one.

[09:12] So, ideally, in a very perfect world, what we expect is this. We should expect price to come all the way down this way, retracement, then we now go up.

[09:26] So, this week we should be expecting to actually take short positions, then we now go long if we get into that into that region. So, actually make this make more sense, we now look for demand and supply zone,

[09:39] this here is the you know what instead of taking demand instead of taking the block. This becomes the order block we're block. Okay?

[10:03] retracement. If I take that, I take it all the way to this region, you will see that is here. So, I'm just going to call this

[10:18] So, I'm just going to call this the golden zone. All right? So, ideally in a very perfect world, right? This is where we should start looking for trade from. So, trade the price will come down here, then into

[10:32] or into this region, we should start looking for taking a long position when we see a question now is will this actually

[10:44] Okay? Why Why I say this is is this. Over Why Why I say this is is this. Over here, we have a significant

[10:58] a significant It's a significant 4-hour So, price can do either of these things. One, price can come all the way to this region

[11:13] Or it can come all the way down to this region and move up from here. So, which is going to happen? The way we The way we know where to take So,

[11:26] for US for the US dollar, you want to take a long position either from this region this region or

[11:41] the kitchen. The way I do this is simply to set an alert here. to set an alert here. The first one alert here. all you will look for is confirmation entry. This is a 4-hour time frame. So,

[11:56] you want to go to the 15 or even 5-minute time frame and look for confirmation entry. So, let me just go down to the 15 minutes, for example, time frame. So, all you want to do here is

[12:08] whenever price comes to this region, I'm going to clean this out. Whenever price comes to this region, you want to simply do a confirmation entry.

[12:23] Okay? To go higher. If it gives you If it gives this, this is a good place to take a trade. If it If it But instead, if it does If it If it But instead, if it does this,

[12:40] just let it go until it does this. Then, you want to take a trade again from this region. So, I see you

[12:52] from this region. So, I see you um leave me in Nassarawa state and beeps. Did I see you? So, welcome to this show.

[13:08] index. So, the US dollar index basically tells us we're going to trade other currencies because I don't take trade directly on the US dollar. Where do you take trade? EUR/USD and

[13:21] that if you if you've been attending this live for the past 3 weeks, all the setup I've given um in in the forest market, they have all played out exactly how

[13:35] for the past um 3 weeks. So, at least one trade, maybe two trades, one in euro, one in one in one in euro, one in um GBP, they've all played out.

[13:50] played out. Okay, so let me now go to the um EU to look at the trade that we can take now. Okay? So, what is the trade we can take? Um if we go back,

[14:05] this is a region I'm looking at as targets. So, this target on the on, you know, giving it a longer shot. This one target area

[14:18] I'm seeing this thing dropping all the way down to, okay, is one target here. When we get here, we'll now decide, the price action that led to that particular drop down.

[14:31] But now, the question is how do we get to this How do we get to this region? I'm still on the 4 hours here. And you can see the same thing that I here. If you look at now in euro is now in the

[14:46] opposite. Uh it's now in the opposite, all right? If you look at this, here we have a supply zone. Here [snorts] again, we have a what? A supply zone.

[15:04] here to this region, the golden zone around here.

[15:22] concentrate on I'm going to move the golden zone now. But what I will concentrate on is simply this. Okay? seeing is

[15:34] just targeting this low here, this one. target it. This is target. Okay? And you want to see I'm going to go to

[15:46] the one hour right now. If we see price go this way, If we see price go this way, if price goes this way and gives confirmation entry here, this becomes our trade to target this

[16:01] now. This is the one. This one will give you you if the base on what it give us here. And you want to look for this confirmation on the five minutes or 15 minutes.

[16:15] Okay? But if this fails, say it didn't give this, just keep going up. No problem. As a matter of fact, you can just leave it. When it gets here and gives a confirmation, then you want

[16:27] to take a short position to this particular low again. So, this low is a low you want to target this week. Okay? The thing is that this might end up happening with my if we if we

[16:40] if if it turn around comes here, it might happen this week and we get this. this might actually give us a trade from here this week. And we end up being in that trade and you know, till the end of the week.

[16:54] This is simply the setup for EUR/USD. There are two places to take trades okay? Depending on the confirmation you get. Depending on the confirmation you get. As simple as that. So, this this trade

[17:10] is just simply um clean. you guys know sometimes I like to take a long position, right? So, this is a riskier entry, okay? I'm going to I'm going to just clean out all

[17:23] I'll show you what I mean. I'm going to go down to even lower time frame 15 minutes right now. To see to show you what I mean. So, sometimes I take trades like this, but it depends if I see on how clean it is.

[17:40] if I see on how clean it is. Okay? See what I mean. We have So, I can't even trade this. If we have had this, okay? Significant enough like this,

[17:54] then because I have this break now here, okay? I'll be happy to take a long from I get this low, then this will be my target here. And I must make sure it gives me up to

[18:10] a 3 hours. So, this will be a long position trade I will take. Okay? If I position trade I will take. Okay? If I had um a very good structure structure is not is not good enough for me.

[18:22] So, I will just leave it and just wait till price gets here. It tomorrow. I don't know when it's going to get there, but when it gets here, you just wait. It's basically in trading

[18:37] you just wait. It's basically in trading just just have to be patient. took last week.

[18:51] Um I gave this set up clearly here. You can go and watch my other my live on I gave the set up here that I'm looking for a position here, and it did play out I'm going to remove it. So, this is very similar to what we have

[19:08] very very similar to what we have for the um for for Euro USD. So, this is a target I'm looking at, this one.

[19:21] We I want to see this sticking out, but it's a long shot, okay? I want to see it it's a long shot, okay? I want to see it sticking out, but looking here now, what can we trade? It's simple, the same thing is we have a supply zone over

[19:36] here. A 4-hour supply zone right here. right here. And again, when I have a 4-hour order block, you want to call this one an order block right now.

[19:48] I have 4-hour order block. I don't have a label for Okay, I can just type it. It's a 4-hour order block. That's all we have here.

[20:02] So, the same as as as that damn thing. Price can either either come here, we'll Price can either either come here, we'll look for confirmation to go lower,

[20:17] come here, we'll look for confirmation to go lower, or price comes here, we'll look for confirmation to go lower. So, if this fails, then this would be the next place to look for confirmation for a short

[20:29] target this particular line. So, this is just very similar to what we just experienced or what we just talked about in in in Euro in Euro USD. There's nothing here to talk about more. So, on the

[20:44] 1-hour, let me see if we have a cleaner um setup here. It's the same thing, no cleaner setup. Had it been this gave us a better a better

[20:58] like structure here like this, then this now breaks it. I would have to take a long position from here to go higher, but it's more risky, so I'm just going to leave it and wait till we get price

[21:11] right now is simple. I'm going to put an alert here because the um the alarm go off, then I'm going to look at it and drop the setup within the Discord community.

[21:27] Okay, so let's look at the EUR USD. After EUR USD, we'll look at gold and Okay? Um So, for Australian dollar,

[21:42] dollar in a while because it has not given me the the what the setup I'm looking for. You know, these things you have to I look at up to I look at a [clears throat] multiple charts and I

[21:55] one that gives only the best setup. Okay? So, for Australian dollar, um it has not been really clear. Okay? So, I have not taken a trade here.

[22:08] But, the only thing I will say is but if you look at this, this is this is AUD USD. It's meant to behave like EUR USD and GBP USD. It's behaving somehow, but not really as I expected. Because if you look at this without the context of the

[22:23] look at this without the context of the others, you will simply call this a change of character here. Okay? And what do we expect? No, it's a change of character.

[22:37] So, what we expect is a long position from um from here because this is Let me go by this this now becomes an

[22:50] an order a four-hour demand zone, right? demand zone, right? So, this becomes So, looking at this, we should expect a long position from here.

[23:04] The moment we get here, look for confirmation to go lower. Okay? So, the trade I'm still going to be looking at for AUD is not a trade to be looking at for AUD is not a trade to take this one higher. Because it might

[23:18] just go lower. I'm not clear about this, okay? It isn't giving the structure I want, but the trade I would take So, that is the only thing I'm looking forward to

[23:33] AUD/USD. The only thing I'm looking forward is is take a short from this position if price ever comes there. If price doesn't come there. If price doesn't come there, no problem. You just leave it.

[23:48] It is not your trade. But if it does come here, you trade it. It's just more like you're setting traps. Set trap on your and EUR/USD, set trap on GBP/USD, set traps on AUD/USD. Whichever one that comes

[24:04] Uh which whichever one now, you know, price comes to your region, that's okay. This is it. But if it doesn't come, you don't go and start chasing um what has not come to you. Now, let's look at gold. Gold is an interesting

[24:18] one. Um I got into this trade um last week. I think I I I did also explain gold I'm looking for a position to go short from here. And we came here, Actually, I was I didn't get up to the three,

[24:33] but I see this retracement coming and I'm out because I'm still going to I Because I'm still looking forward to entering this position again. What I'm doing The what I'm doing is is simply with Fibonacci. If I have Why? Because

[24:49] dollar is meant to retrace. So, I'm going to wait for Fibonacci as well. If my price If price comes down to this region, I'm line. If it comes down to this region

[25:04] my golden zone, I have my alerts now placed here. placed here. If price comes down to this region If price comes down to this region let me go to the 1-hour.

[25:21] position to short gold. To this region. So again, you can see I already have it another trap set for gold in this region another trap set for gold in this region just to wait for uh for price to just

[25:36] come into that region. Okay, this is it, guys. Uh the trade we this one. Um I don't know how it's going to play out but it was looking really positive when I took trade. Sometimes

[25:49] plays out sometimes, but I am still this is the S&P 500. We are still in this trade. Okay?

[26:06] Australian dollar, and gold. For Canadian dollar, I trade it sometimes, but for the past um it's been a couple of weeks I haven't just taken any trade here because again it's not giving me

[26:22] here because again it's not giving me the structure that I

[26:34] Uh USD CAD does not retrace. It just keeps pushing higher. So based on that, I'm not taking I'm not taking any single um in on um USD

[26:48] So, I hope this is I hope you take actions I hope you take actions and, you know, make money

[27:01] from these trades this week. So, have you a very trading uh week. I'll see you guys again tomorrow for the Forex

[27:14] and market analysis. Bye, everyone.