Forex Fed Week Trading Plan — Full Breakdown & Transcript

[00:11] is the Federal Reserve. This Wednesday, the Federal Reserve Reserve decides on the interest rate. And four of my Forex trades are sitting directly on fire. So, we have

[00:27] sitting directly on fire. So, we have EUR/USD, which is a trade we are already in. Then we also have um USD/CAD. This I'm looking to go um take a long position here.

[00:40] um take a long position here. And we have GBP/USD, which I'm also looking for a confirmation entry when we get to this zone. And

[00:52] again, we have um AUD/CAD, uh which for this one, it is still on the fence. I'm just waiting for better structure to form before I decide on whether to take this

[01:05] And if you're attending this live, I have one more for um currency pair I'm going to show you um before we end wrap this up. This will not be in the replay. So, this

[01:19] is one of the perks of coming to the live show. So, like I said again, the Federal the five central bank meets this week. So, we'll have the Fed, which is the central bank of United States. We

[01:31] have the ECB. We have um the Bank of England, Bank of back to back inside three trading days. Most traders are going to uh do one of these two things.

[01:46] One is over trade and they bleed out. And or freeze and not do anything. And both of them are going to lose basically lose money. So, this is what we are going to do in the next 30 minutes of this live.

[02:00] I'm going to walk you through every um every entry, every stop, every target across all these four pairs. And like I said, plus the bonus. Then I'm going to show you

[02:14] um the chart level that if it goes the other way, then this whole setup it's will not just work. I'm going to show you what in- invalidates the entries and the stop losses and all

[02:28] that I'm going to uh what what I'm going to look at. So, by the end of by the time we wrap up this whole live, you will know exactly which of my setup survives if the Fed is going to cut interest rates

[02:40] or it's going to um lower interest rates or it's um lower interest rates or it's basically going to do nothing. this Fed week is we're not trying to predict

[02:55] what the Fed is going to do. We are just simply um we're just simply being prepared for what the outcome is going to be. So, I hope we get you got that.

[03:09] And we are going to start. Now, I I have a tradition which I do like every other every other um anytime we attend this live, I want

[03:23] at sending the live from. And somebody's already telling me that he's attending from um South Africa, Pretoria. So, tell me if you're live here, just tell me

[03:37] the city and the country you're in. So, for example, if you are in Lagos, Nigeria, just type Lagos. Um Nigeria. So, the city and the country. I like to like have a sense of where

[03:52] people who are attending the live uh attending the live from so that if I have any special thing with specifically with you guys to where they are uh attending the live from or how the market's going to perform based on

[04:04] where where they are, um I could do that. So, we have um I could do that. So, we have um live from Lagos.

[04:22] Adeyjor live from Lagos. We have um from Imo State. from Lagos State. We have from Lagos, Trouble Boy. Uh from Port Harcourt. Jits.

[04:42] from Akwa Ibom. Um E Itsegazi in Delta State. Then we have somebody from Minna.

[04:54] Minna is in Nigeria. Then Benin City, Nigeria. Taraba. Um Lea Lira, Uganda. This is the first time I'm saying Lea Lira. Uh Uganda. So, I have I have an idea now somebody's attending from Delta, Uganda.

[05:08] They're from Delta State, Nigeria. So, you guys are welcome. We are about to start this show. So, we're going to start with looking at the US dollar index. This is the DXY. Because DXY is basically the

[05:23] lead. What happens here pulls um because 70% even more than 70% of the Forex pairs, even more than 70% of the Forex pairs, the $7 trillion a a day Forex pairs

[05:37] are paired against the US dollars. So, US dollar index, the way it behaves is very important to um so, when you study it, you you you get a sense of what happens with other currencies. These are These are some

[05:51] charts I've marked out before. So, we're simply going to start from the forward time frame. There are This is a chart I've been studying for a very very long time. One is that

[06:03] you remember here, we had a break of structure here. Then we had a change of character here. So, I I've I've been doing this with you guys in real time. You can go back to my other charts and see it.

[06:16] So, we had a change of character here. What this tells me is simple that if we have a change of character, it means that this market is poised to go up. So, a change of character simply means we have a change of character,

[06:30] then we have to retrace and we have to go up. And and you you will see that following this market. We traded it down this way. And this is the region we have been waiting for. And we finally got into this region and

[06:45] But of course, you know, you should expect to move in this in this this way. Now, let's go back

[06:59] to when we we finally hit that particular region. a very long time. Now, we didn't get a perfect entry last week.

[07:11] perfect entry last week. Um if I go down to the Because this is the region we expected the market to trace from. But the way I trade, you still want to look for a

[07:24] confirmation entry in the lower time frame. So, if you go down to the 1 hour, you will see here that we got a character here again, which means that this market is is poised to go up. Then,

[07:39] all I was waiting for was a retracement into this zone. next golden zone, which I'm meant to take a long position looking at it, we didn't get it, right? But I still took this particular trade.

[07:55] Mind you, this is the DXY. But where I took the trade was in Euro was in Euro um USD. When we got we got a change of character in this region. In this region, we got a change of character and that's

[08:07] what made us take this particular trade. I will show you when we get to EUR/USD, the trade we are in. Now, this is a new week. Um the market did this crazy thing. Uh so, we are here.

[08:20] I don't want to really say this is a break of structure because I I don't normally, it's if we have this, I would say, Um let me call this a break of structure, which means that all we need

[08:36] is just a retracement, which I usually do in two ways. One with the Fibonacci tool, which tells me that, "Okay. If I If I get this market into this region,

[08:49] into this region, if I get this market into this region, I should look for to go for to take it higher." things. One is that you're going to see

[09:04] did not take. I'm still going to put that I'm still If the market gets into this zone, then I'm good gets into this zone, then I'm good to take this um even to take it higher.

[09:19] to take this um even to take it higher. So, for this for DXY, what do we expect? So, I'm going to go down to What I expect is one. This region,

[09:32] This region, we can go up from this region. Let me use another thing to mark it. We can go up from this region. Where is

[09:44] it? Okay. From this region, we can go up. Another region I'm looking at if this if we don't get a confirmation from this looking at for DXY. And I don't I don't to go down

[09:57] lower to to um 15 minutes time frame since we don't trade on the DXY. We trade on the on on normal currency pairs starting with the EUR USD. So, for EUR USD, this is a trade we got

[10:10] in and I dropped this trade. I dropped this trade in real time on Discord. I I want to once I entered, I took the screenshots. As a matter of fact, when I entered, I wasn't on my system. I had to

[10:25] dropping updates on when I'm going to enter. I dropped a a a message saying I'm I'm going in now. the screenshot and still dropped on Discord. So, if you look here,

[10:40] this is a region I was waiting for an entry. We didn't get it. As a matter of fact, I'm going to go down to the 1-hour time frame so it can make a lot a lot more sense. This is the region I was waiting for

[10:54] a confirmation entry. Okay, but we didn't get it. And if I go lower to say the 5-minutes time frame, this is where we got a change of character inside here and that is where we entered this trade from.

[11:10] Now that we are here, um if you look, structure, right? So, I expect two things to happen. One So, I expect two things to happen. One is that if we go I'm already break even

[11:25] in this particular trade, okay? Because when we have this breaker structure, we had another breaker structure. So, therefore, I am now break even. Because if we invalidate this, if we end up not

[11:38] if we end up going higher, then I'll I'll be taken out at no loss. Then if we come into this region, I'll still wait for a confirmation entry. If I get a confirmation entry, then I will still enter again in this region.

[11:53] what are from this region? Because you can see that I clearly marked out this zone. This zone here. I clearly marked it out and I as a zone of interest. And the market has gotten into that zone. So,

[12:07] what is going to make me take or not take this particular trade? I'm going to show you now. But first, let me clear this out.

[12:28] Yeah. I don't want to remember that. trade like I said. Now, I'm looking at like I said, I'm break even now

[12:41] We're breaking even at this point. Okay? And if the market happens to come up all the way and take me out, no problem. We'll keep on going. When we get here

[12:54] again, I'll still look for confirmation. If I see confirmation entry again, then down. And this will even give me a better And this will even give me a better entry.

[13:13] there is opportunity for another trade. Okay, because I marked that this region out this zone out. There's opportunity for another trade. So, what is the breaker structure in this region. And this market we are in this region.

[13:25] So, what confirms? All I need now is a confirmation. So, with that I'm going to confirmation. So, with that I'm going to go down to even a lower time frame. The way I trade is that I just simply wait for confirmation. What is that

[13:37] low. This particular low we have here. This one. So, this might just be the trade if you're not already in in a in a EUR USD trade, you can take this trade. And because I'm break even, I'm

[13:51] happy to take another trade this way. So, this is a confirmation. If this is the a a low, so if this market happens to simply do

[14:03] this, if this market happens to come down this way from this region, let me make this bigger. So, um in case clearly. Um

[14:32] still EUR USD. So, this is the region I'm looking at. As a matter of fact, let me use this line so you will see it. So, this is the low that I'm looking at. This low is at 1.16994.

[14:46] Okay? Now, if this market I'm trying to tell you the confirmation to go into another trade. If this market comes down this way and break this line with a candle body closure, then on the retracement upward

[15:01] will be my trade. As simple as that. I can choose to target that target in this this zone alone will give me a good profit and I can go lower if I want to target even a lower a lower

[15:15] zone. So, again, if this breaks this low, as a matter of fact, I'm putting an alert there right now. below this low, then we do the retracement. The

[15:29] retracement is where I take my trade on. And if you want to even be more surgical, this is on the 15-minutes time frame. You can still go to the 1-minute time frame, okay? See what I mean?

[15:44] This is on the 15-minutes time frame, okay? If this market comes this way you can now go to the 1-minute time frame and still wait for a change of character. Once you see it, just take

[15:57] wait for a retracement again. You take the trade immediately and to go lower now on the 1-minute. So, if you are doing swing trade like I do a lot of the time, you look at the 4 hours, you look at the

[16:12] uh 1-hour time frame, you take your entries on the 5-minutes time frame, there. But if you are day trading on the 15-minutes time frame, um to get your confirmation entry, you

[16:25] have to go down to the 1-minute time frame to to do that. So, this is EUR USD. Clear, clean. This is what I'm looking at. I'm looking to take an S and L entry. I'm still in this trade. I've broken even. This is my This

[16:39] is the area of interest. We have tapped into it. What I'm just waiting for is a confirmation to come down. Once we come down from here, what do I wait for? Wait for a retracement, look for change of character, enter this trade. Simple and

[16:52] and as simple as that. Let's look at GBP USD. GBP USD So, if you this this this gives a kind of cleaner setup if if you look at it, it's kind of cleaner.

[17:07] we had a break We have breaker structure here. And um untapped. And if you look at this,

[17:23] um we are almost there. So, what I'm I'm looking forward to is this. I'm looking forward to we going an extra layer into this zone.

[17:35] Okay? Extra layer into this zone. Then to come down, take this out, then I want to take an entry in this region.

[17:48] region. Does that make sense? again. I'm looking for an extra layer into this zone.

[18:04] didn't break this thing we and we keep going higher, no problem. interest. Anytime we come down and take this out, I will look for confirmation entry to take it lower to this region. As simple

[18:19] as that. But it is not bad from this region actually. From this region is not bad. From here where we are right now, it is not bad. This is similar to the to the EUR USD trade. See what I mean?

[18:32] So, if we take from this high, this is the last high and we go like this.

[18:47] going to call it that. Um I don't I've not labeled this. So, this is a liquidity

[19:08] Okay? We have actually swept the liquidity. Over here is the next demand is the next supply zone. So, which means that even if we don't go higher

[19:20] into this region, I'm still looking at this low now. So, this is similar to what we have in EUR USD. in EUR USD. Okay? So, I am only considering a trade

[19:34] for GBP USD for GBP USD sell. So, EUR EUR USD I'm looking at a sell. I'm only considering this trade if we break this. If we break lower here,

[19:49] here, this becomes a change of character.

[20:05] Okay, power back. So, I'm considering this. thing I'm looking for I'm looking for a sell from this region.

[20:19] Want to still what's want to sell from this region. This is from a swing trade perspective. If you want to go lower and look at a 15-minutes time frame, which is what I'm going to do. So, it is basically the

[20:33] Now, from a 15-minutes perspective, like I said, we can still have this happen. always wait for confirmation entry. As a matter of fact,

[20:46] if you watch one of my videos, it says fix your entry. Um go and watch that video. All right. It will save you a lot of trades you have taken in the past

[21:00] if you just wait for confirmation. You will take fewer trades, you away from a lot of losing trades. So, if you look at this, there are this So, if you look at this, there are this can go two possible ways. One is

[21:15] telling you I'm looking at right now. So, on the 15-minutes time frame, so one of them is this. If I do this from here like this, okay?

[21:31] This is my golden zone here.

[21:50] supplies zone, but it's it's okay. It's fine. No need to do that. Now, this is Okay? So, this market can go this way. So, this market can go this way. We can actually go like this

[22:03] and go higher. Okay? So, this is a possible area to take an entry to go long. All right? Now, we can also do like

[22:15] All right? Now, we can also do like this. And we come above like this and we go short. short. This is an area to take a short entry.

[22:29] Which of them is going to happen? We can't say for sure, We can't say for sure, but because we have because because entries, we can now know which one to take based

[22:42] we can now know which one to take based on what happens. it's a confirmation that we're not going lower. to retrace. And we'll look for a small confirmation

[22:58] on the on the 1-minute stick this trade. This trade you are seeing coming down now, now, we should take it in one condition. To

[23:11] take it, you want to go down to a minute time frame. So, now on the minute time frame, we can see the structure forming on the 1-minute time frame. So, the the way this works is

[23:24] we're going to have keep having this going this way. So, anytime you now see this, this becomes your change of character. This is your break of structure. Then, this is when you now want to take

[23:38] this trade to go long. This becomes a long position. this high. You might even get the better position

[23:51] um risk-to-reward ratio. This is this one you take this trade. Okay? If this doesn't happen, doesn't happen, if this does not happen,

[24:03] if this does not happen, you are simply going to have it do this.

[24:16] It will never give you a change of character. So, which means that if it does, this is not to say okay, I'm no longer going long. Okay, there's still opportunity to long until break this low.

[24:28] longer going long. Um I have to wait for it to retrace. Or you can actually go long if you if you just does this cuz you are waiting for retracement to go short in this region.

[24:48] GBP/USD, I said one thing. Let me make it clear again. Um Um on the 1-hour time frame now,

[25:02] If we get a confirmation here on the 1-minute time frame, and after the 15 minutes, then I'm taking a long position from here. Okay? But if you break below this,

[25:20] And again, if we go above here, this is still a possible area. If you go above here, and we'll keep going until we get a break of structure to the downside. Then

[25:35] we can now go lower. So, this is my analysis for GBP/USD. I think I've I've I've actually actually exhausted this and we're coming to the end of this um live. So, let me just show you

[25:49] AUD/CAD. AUD/CAD because Okay? And you can see the market has ranged. After that, we'll be having a range. It

[26:01] time. So, I'm not going to enter any trade until we see a proper break in this level. So, statement that AUD I'm undecided right now until we get

[26:16] For USD/CAD, I'm also in this region. Uh we had a tiny change of character here. It is not very significant here. It is not very significant in this region, but we did get a tiny um

[26:31] I'm still waiting for is the same thing that I'm waiting for on other on other currency pairs is for structure to start breaking to the upside. What I mean is that if we start getting

[26:45] this taken out, okay? If we start getting this taken I am going to start taking a long position. position. Now, for the currency pair that I said

[26:57] I want to show you is This this will not be As a matter of fact, I'll do Swiss franc and I will also do gold. This is not going to be in the

[27:11] out from the replay. So, for Swiss franc, So, for Swiss franc, um Swiss franc. You will see here