Live Forex & Gold Trading Analysis — Full Breakdown & Transcript

[01:01] answer each minute >> [music] >> We are starting.

[01:19] >> Let me get all these charts that we need.

[01:38] need and we'll start. Okay, if you can hear me loud and clear, section. Go to the comments and just type one. Just type one in the comment section so

[01:50] Just type one in the comment section so I'm sure that you can hear me.

[02:04] section if you can hear me. Type a one in the comment section. going to turn it off real soon. Okay?

[02:44] everything set right now. All right? So, we're going to look at uh EUR/USD, GBP/USD, Australian Dollar/USD, and we'll look at gold.

[02:56] Then, I mean, I trade in the S&P 500, so we'll welcome everybody. I know everybody can hear me now. I see that clearly. I can be heard. So, welcome. Um again, I had a little My

[03:11] I had an extension in my on my browser that was blocking my camera and my audio. So, I had to figure out it was the extension and disabled it before we can uh finally go live. There is

[03:24] opportunities looking at technical in the market to make money. Okay? This I'm just saying it, and you can actually trade trade um this week. We've been having three good trades um all all this while.

[03:41] trades this week as well. So, we're looking at the forex market as well Dollar/USD, um gold, and we'll also look at the stock market, S&P 500.

[03:55] Okay? And you know the way we start, we just go straight to start with the DXY, the dollar index, see what it is saying. Based on the signal we're getting from the dollar index, we'll now see how it can guide us

[04:09] on on the performance of other assets. And if you look at um macroeconomics, there isn't really much um happening um this week. We have today we have

[04:23] um European nations, they have Okay, Italian bank holiday today. So, that isn't really going to affect the market. Tomorrow, there's no news at all with regards to the currency we're trading. On Wednesday, in the US, we

[04:37] have the Fed chair which is going to speak. So, this can be high impact, but significant from what I from what I'm seeing. On Thursday,

[04:49] seeing. On Thursday, um nonfarm um nonfarm employment change. well, we just have to wait we'll should be aware of that, but generally, our trading is going to go smoothly since the news that can that might have some

[05:02] kind of impact is on Thursday. So, let's um hope we'll catch a trade So, let's um hope we'll catch a trade today, tomorrow, or next before that even happens. But, generally, I believe we're going to see good trades this week

[05:15] um make some money. So, let's start this analysis. We're going to start from the US US dollar index. Now, before we start, go to the comments and let me know where you are attending from. So, just type

[05:29] you are attending from. So, just type the city and the country. the live from. Type the city and the country.

[05:44] The city and the country in the comments. >> [sighs] [panting]

[05:58] >> Let me know the city in the comments where you are sending the live from. Win South Africa, welcome to the show. J Finest um USA

[06:15] um USA welcome to the show.

[06:34] Hot FX. You're welcome to the show. So, welcome everybody. Let's just get to the charts and take this away. So, this is the DXY dollar index. Okay? If I go to the daily time frame I'm

[06:48] frame now. What are we seeing in the daily time said earlier, this is a structure to a structure. We had a a break of structure Change of character here which then suggests we are going higher.

[07:02] And you can see from there we made we did this, retrace and we did break of structure here again. So, this now is a break of structure over here. And what I see here you see this

[07:15] particular um line here, this one this one over here this one I marked here. see the chart go over here and take it out. But, from this break of structure

[07:28] meant a retrace meant this way a retrace meant into this zone and this way.

[07:40] This is just the simple thing I expect from DXY. Which then means that we should be looking for trade opportunity in this region.

[07:55] structure, um area, and just the confirmation Trend, what is the market doing now? We are with the trend is going up for um the US Dollar Index. Okay, we might

[08:08] particular zone. Into here. Or this year. But right now, trend, we are going up.

[08:20] Um structure, break of structure, change of character, just just tells us how we of character, just just tells us how we trade. Area is where we enter the trade. And confirmation entry is what tells us, okay, we are good to enter this

[08:34] seeing here. Okay, and I've drawn my Fibonacci um if take it from the bottom here, and take it all the way high. So, this golden zone here is where I expect

[08:50] an entry from. This golden zone over here. Is where the entry, I mean I'm I'm expecting it from. Again, we still have a 4-hour order block here.

[09:02] So, it can be here, it can be here. That is why that's what that's what makes the that's what makes the confirmation entry, confirmation signal really important because if you see it here, if you see the confirmation here, you

[09:16] take it. Just these are the two regions. So, generally, this is the play for um DXY. Now, if I go down to the lower time frame, say 1-hour time frame,

[09:30] what can we see here? So, the next opportunity is that we can actually trade this lower. We can trade this down.

[09:43] There can be opportunity to trade it down before confirmation to go higher, down before confirmation to go higher, okay? Now, if you're looking at this,

[09:59] that you want to see taken out. This particular Okay, we can mark this out. We mark this out.

[10:23] week. So, if you look at this, we had a break of structure here or change of character from this region. This is tiny, but it can still come and from the first breakdown. You can see that from here, uh let me

[10:37] mark this out. From over here, uh this barely tapped into 62, but it's fine. here. Then, if you take this from here again

[10:50] is just in the OTE region. So, if I was to trade this, this is simply going to be my target. This is more like target on the short

[11:07] run. Taking a trade from this region, okay? And this simply being the target. The bigger The bigger target is this region over here. The golden zone I

[11:19] because this is where I want to take a long position from. So, this is the DXY, but of course we don't trade in DXY. We just look at what the DXY is saying to know how we trade all things.

[11:31] And uh the most inversely correlating asset with the DXY to the DXY is um Euro. And almost every asset we're going to look at is priced against the DXY.

[11:45] DXY. Excuse me.

[12:00] on the 4-hour time frame. On the daily time frame, the same thing is also clear. This is a first target that I have The same thing you see here, you can see break of structure, change of character,

[12:15] we went all the way, broke structure again here, which means that all we need is a which means that all we need is a retracement.

[12:29] Which means that all we need is a retracement to keep going down. particular region. Okay? But for what this is what we're interested in at this time.

[12:41] On the daily time frame, I see the general the general um structure of the market. So, what can be traded? This is a trade to show you that trade I took on a Friday.

[12:53] Um on the 15 minutes, this is a simple trade, but I'm actually out of this particular trade. Let me turn this off.

[13:07] trade. But this is what I actually exited here because I needed some confirmation in this region

[13:21] I'm going to break that down now. So, back to the 4-hour. back to the 4-hour. I'm going to actually remove this. again, we want to get to this zone here.

[13:37] here. And we have broken structure here. These are also internal breaker structures, this one and this one. So, taking from this high, if you pull the Fibonacci from this

[13:49] if you pull the Fibonacci from this high, zone. The golden zone is simply

[14:01] OTE, where I expect price to move into, okay? Then from here, if you get confirmation, they want to take it lower the play. This is This entry here

[14:16] is high probability, okay? Looking for trade here is low probability. Now, if you look at this, I still I want Now, if you look at this, I still I want to go back to the daily time frame now.

[14:31] I can take the whole of this this cluster of candles here. I can take the cluster uh is it does I because it doesn't just make enough sense to me.

[14:45] I can take the this cluster of candle and just call it the daily order block. Okay? 1 day

[14:57] Then we can go back to the 1-hour now. So, from here, it's really simple, the same thing. These are the regions we'll see wait for confirmation entry. If we see it here, then you cannot take a short position.

[15:15] You cannot take a short position to this region. This may happen this week. It may happen next week. But what we're interested in now, what trade can we take at this time? So, what you can do is this.

[15:30] now. Um what we can do is this. From here, I believe this is going higher

[15:42] this, um let me get this from this region. Okay? This is in This is into OTE. It's going It's going higher.

[15:56] I'm going to I'm going to show you two two trade potentials from here. One is this. So, if you go down to 5 minutes time frame now, I don't I don't trade if I don't see confirmation.

[16:08] confirmation. Okay? So, this is um this is a a change.

[16:23] Then, what high Let's say this is the high here. This is a change of character. Internal change of character. So, a possible trade is this.

[16:36] Take a long position to from here. Okay? Make this the bottom, the low, and this here Then, you want to make sure you get at least a three

[16:49] risk to reward ratio. So, from here is where a possible trade is strong. Like this, and this. This is a possible trade that could happen. But if you want to

[17:02] wait for um you can You can actually pause this video at any time, especially after the live, it's going to become really, video to see the entry, the stop loss, and all those things. But this is

[17:16] and all those things. But this is um not the highest probability trade. I'll tell you why. I'm going to go go back to the 1-hour and tell you why it's not the highest probability trade. The reason is this.

[17:31] a zone. This is a supply zone. Do we simply means that we are coming from this supply zone.

[17:43] And even though we didn't break structure down after tapping to that supply zone, this is still another supply zone Okay? So, price could come just this way

[17:59] This could happen. Okay? So, if you want a higher Okay? So, if you want a higher probability trade to long this market to over here, then what you want to do

[18:12] is this. I want to close this. You want to see that the market breaks this demand this zone. this zone. If it breaks it, that becomes a demand

[18:27] Sorry, a supply. You want to see that the market breaks that supply zone. the market breaks that supply zone. If it breaks it, that becomes a supply field. Then you want to want to look for a retracement

[18:39] and long. So, this becomes a higher probability trade than the one I showed you earlier. And this might not happen today. It might be a tomorrow a tomorrow trade. This might just happen and you know, so

[18:53] it's it's I'm I'll just say there's two scenario. One is One could happen clearly just I will state that it but it's higher is lower probability. And this one is higher probability. And just simply waiting for

[19:08] a trade to come into this region before taking trade here is the highest probability from this setup. But this might happen at the end of the week or might happen next next week. But this one's

[19:21] this one probably tomorrow or today we can see this happen. So that is the uh analysis for for EUR/USD. A quick recap. One is

[19:34] this is where what you know, on the highest time frame, this is the highest trade here because you want to enter here when you see confirmation and exit here. Okay?

[19:46] And if you don't want to do that, if if you don't want to wait for this because it can happen next week, then there's one trade opportunity here, risk here, and if you wait for this break to happen, then this retracement

[20:01] gives you a higher probability in going long than the first one. So that is EUR/USD. Now let's go to GBP/USD.

[20:14] Um um wait so it's very just very similar, very similar. um Where did I mark that? Okay, it wasn't here. Okay. Okay. This is actually demand field,

[20:28] which Okay, this on the 4-hour, this is a break of structure. As a matter of fact, let me just call it that.

[20:42] candle closure um below. So I'm just going to go ahead and call this a break of structure. structure here, what do we expect?

[20:54] Um I looking forward to seeing this low taken out. Okay? This low taken out. This low taken out. Yeah, but generally this um GBP/USD is

[21:07] bullish. But, from what we see from uh Euro, Euro, DXY is just meant to be bearish.

[21:20] Okay. Well, so based off of that, I'm still I'm bearish on GU. Okay, so this becomes a target. We want taken out. And we've had this break of structure

[21:34] which means what we want to see is price, again, we have seen structure. The next thing is area. We want to see price move into

[21:48] move into the areas I've marked out um two areas. the areas I've marked out um two areas. The first area is this one. because it's simply an order block. Okay, so the difference between order

[22:02] block, supply zone, demand zone, they are uh order block, supply zone, demand zone, and the golden zone. They are quite similar. Okay, so this is a 4-hour quite similar. Okay, so this is a 4-hour order block.

[22:21] Okay, so this is a 4-hour order block. So, which means that price could react from here and we'll go short. Then, when I have a golden zone,

[22:33] a possible area for price to react uh react zone react from to go short. When I have a 4-hour supply zone above here. here is the best scenario. As a matter of

[22:48] is the best scenario. As a matter of fact, I don't see this one holding, And we can't tell the one that will hold until we see a confirmation entry. You know, before it's Before I trade I trade this way.

[23:02] I just simply take a short position from this region Okay, this I was in it before. And I get a three. that this could happen.

[23:25] And you win a trade. But sometimes it could just do this and take you out. So that's why confirmation entry is very important. When you see it uh-huh, you cannot take a trade.

[23:39] If you don't see it and you just don't take a trade cuz that determines that is what will determine if we're going to see if this is going to hold or this one will hold or this one will hold.

[23:52] Okay? But right now, um want to take a short position from this from here or from here.

[24:05] is there any trade we can take while waiting for that? um to the lower time frame now. Um

[24:30] cleaner on the EU to take a trade to take a long trade than taking it from down here. It's kind of more more riskier. Let me go down to the 15 minutes.

[24:57] trade. Um Yeah, so this is possible trade. If you wait for

[25:13] this is possible trade. If you wait for this to happen, long position from here. What is the target? This region. But wait for this to happen, then a retracement into this zone, and the the

[25:28] the possible the best way to do this is using your Fibonacci again. Once is you have this taken, can do your Fibonacci this way to the top, then simply take a long your long position to take it from 62, okay?

[25:44] Bottom stop loss below. It can go all the way high. This will be a 3.62 trade. So, this All right. Um they can now look wait to see what

[25:58] trade that I'll actually take. If I see this, you know, happen, particular trade if you have one. As a matter of fact, I'm going to set an alert here on this um line.

[26:12] When it breaks, then we can start looking for short position. So, let's go straight to AU, Australian dollar Here, you can see what I I I've mentioned

[26:26] demand zone during this um um So, this what a demand zone this what a demand zone fail actually means. Because over here, we have I can call this

[26:42] Let me just call the whole of this a cluster of demand zone. Okay? Once we broke below it, it becomes a demand zone fail. Now, yeah, had it been it broke over here, I would call it a break of structure. But, because it

[26:55] happened here, it becomes a demand zone field. And because that happens, okay, it gives me confidence that we can actually go lower to this blue line I have here. That price can get to 0.6

[27:09] um 766. Yeah, 66 for real. Okay, it can get And where do we need it to go to before we go lower is we want it to come um

[27:23] at least to this region before we can take a short position this way. Now, based on this, this higher time frame, we can now go to, say, the time frame, we can now go to, say, the 15-minute time frame to look for

[27:46] And this is a high you want to see taken out. If I see this high taken out like this, this high stick gets taken out, then I'm happy

[28:00] to trade this to this region. Clean, simple as that. I've shown you Clean, simple as that. I've shown you EUR/USD, GBP/USD, AUD.

[28:24] Um EU, GU, AU. Let's look at gold. Okay, how many of you trade gold? Let's look at gold. Gold is also very similar, very very similar. In fact, I'm not going to waste my a lot of time here.

[28:38] Uh gold from the higher time frame, I'm looking forward to see gold get to $3,500. It should fall to $3,500 because um uh support zone.

[28:53] Okay? So, we can probably see gold get to this region. to start buying gold when gold comes to this particular um region. But now, it's on it's falling is retracing before it can get it can get before it can

[29:09] um start going higher. Maybe we're going to you're going to see 6,000 or 5,000 again, but it needs to retrace to this particular region. Okay? So, trading gold is also really simple. We've been having break of structure to

[29:24] the downside. So, structure makes it really it is really really easy to trade this. The last break of structure we had is this one. Is this particular one over here. This one over here.

[29:37] Okay? And if you look, I've marked this out. This is the zone. Okay? This is also a zone. This zone I'm actually modified it to fit into this. So, this is another zone here. So, what what I want to see

[29:54] is to see price get into this region, gives me a confirmation from any of this zone, then I can keep shorting gold um shorting gold. Let's go to see if there's any

[30:09] opportunity on the lower time frame to trade gold higher.

[30:30] I want to see this sticking out. We're having an equal um not equal. So, I want to see it sticking out. If it's sticking out, then I can now, you know, go higher. Whenever I see sticking out, I can now

[30:45] Um the last one I want us to look at is the S&P 500. For the S&P 500, I've been in this trade entered this trade. I said as I entered it.

[30:57] I've been in it This is the second week of this trade. It's just a four 4.5 hour trade, but it has taken quite some time. but it has taken quite some time. Um

[31:12] this region because I see S&P dropping to at least this particular um region before we see it go higher. But right now, target. So, I can actually take it off from here. I'll wait for the retracement

[31:27] to go um higher. But the S&P 500 has been struggling to um you know, go lower. However, this are the things that that confirms my bias. One is that we had a

[31:43] break of structure over here. Then we have a significant significant. Then we have a retracement to this region. To this region, okay?

[31:57] Uh from here, getting confirmation entry gave me is what getting the confirmation entry here gave me the confidence to enter this trade.

[32:13] And right now we are here. So, we might still see I might still see this do this. So, these two things now, I can see this getting to this zone.

[32:25] Then we cannot go lower. Okay? Go lower. This is what I see happening. But then again, from this trade, I'm actually already breaking even. So, we can This could actually happen.

[32:39] because nothing nothing is 100% guaranteed in trading. This could But I'm already breaking even when and I I expect this should be or will happen and we'll see the S&P 500 at 7 um thousand dollars that 7,000

[32:56] before we see it going higher. So, this this is a trade this is a trade for the forest markets and some um other commodities and the US index, the S&P 500. Next

[33:10] tomorrow, we'll be we'll be looking at Bitcoin, Ethereum, Solana, XRP and you'll see the trades I am taking there. And remember that copy me developing we're still developing it. We want to just make sure it's right before

[33:25] Um hopefully we should be launching it next month. We intended intended to launch this month, to fix uh made it not ready to be launched this

[33:39] next month. So, that platform you can actually just plug in and copy all my trades and the trades of my better traders cryptocurrencies and the good thing is that when I have

[33:54] gold and the stocks and all that in in you can trade that on Bybit in crypto. those are the trades you can copy for now, but with time might also bring in market in. So, um thank you for attending the live.

[34:10] Let me see, do I have any questions in the comments?

[34:23] Now, have you a a have the um for another live class tomorrow.