Forex Live Trading Breakdown — Full Breakdown & Transcript

[03:17] are doing good. Today is another week. Um let's look at the forest markets. from this very day and this week.

[03:29] I think some opportunity abound. And we're going to actually look into them. Once again, welcome to the show. I'm going to start by basically analyzing the

[03:42] basically analyzing the DXY. So, DXY is a dollar index. And highest time frame. So, highest time frame perspective This the 4 hours by As a matter of fact, let me go to the daily time frame.

[03:56] From the daily time frame, um we've had this break of structure. I talk about it every week. And over here, the change of character. So, what it means is that we are headed because of the change of

[04:10] character, we are headed to this place. So, we are headed over here. there's a lot of trading opportunities to take it to this place. This looking

[04:25] at the higher time frame. This is where we are headed to. Okay? So, it's simply how do we get opportunities to trade this market all the way to that particular place. Again, we're working off of this

[04:39] change of character here. So, on the higher time frame, higher time frame, we should be expecting things like this till we get to this region. Okay?

[04:59] This is on the weekly. Yeah. So, this is the region. going to be very bullish. And this is one thing I keep telling people

[05:11] who are saying for the crypto that the bull season is coming back and all that. showing your hands. That's going to be very bullish. So, crypto is going to go lower, lower, and lower. Like he's only going lower. So,

[05:27] that is that. Basically, macroeconomics. Okay. So, on the 4-hour time frame, what can we see? So, 4-hour time frame we're looking we know from the higher time from from the

[05:41] higher time frame perspective, we know where we are going. So, 4 hours, what can we see? If you look here, we have been seeing the dollar has ranged. So, for the past 2 weeks,

[05:53] new month, actually. It is the first week This is the first day of June. Um we're already in the 6th month of the year. The dollar the dollar index has been ranging for the past 2 weeks, like the

[06:07] better half of May, the second half of May, there wasn't much trade opportunities because of the dollar index ranging. But, if you look at it, it's been over 2 weeks since it's been ranging, and right now, I believe

[06:19] move. Taking a move, um because of this change of character that is here, what I expect is a movement downwards to

[06:32] this region. We should see a movement to this region, We should see a movement to this region, into this golden zone, or into this daily um demand zone. Then, from here, we should see a shift,

[06:44] then we can now start going up to take out this very high. So, this is where I'm looking to take a long position from on the DXY. Right now, it's more like taking a short position right now to take it down to this particular region.

[07:04] does is giving us um perspective on where we should go. So, I've told you where we're going to on but I just want to take years, right? But, within the week, this is where uh within this month,

[07:18] this month. All right. All right, it's short to this region and long position to out of to break um this region.

[07:33] do to start taking a trade? We start looking at the 1-hour time here, we have a change of character here. Then we also have a breaker structure inside

[07:48] here. Let me make this bigger. We have a change of character here. And a breaker structure inside this Okay? What I expected, if we are working off

[08:02] of this change of character here, is this region becomes my area of interest. This is the area I want to take a short position from. Okay? But if you're working off of this

[08:16] okay? It means that this region here, if you take it if you take if you mark this region out, where we are right now, becomes my area of interest because you can see that we

[08:32] here in this region the golden zone. And we also have in that same region we also have in that same region the order block. That is the

[08:45] This is the 1-hour supply zone we have here. So, the market is reacting off of this. But because of

[08:58] But because of this region over here, this one. particular one. here. Okay? But because of

[09:11] this this one here, um this is also a valid area to take a short position from. But you have to wait for a change a to take that position from. And how do you start looking for that?

[09:26] 5-minute time frame. Mind you, here we're just analyzing the DXY. Uh we have not started looking at positions to take We've not started looking at the euro to take a to take a a position from.

[09:41] So from here, what I want to see is a change of character here. If you get a change of character, when the candle body closes, mind you have to wait for the candle body to close, then this now becomes my trade. A a

[09:56] then this now becomes my trade. A a short position. this region. This will be the high and this low will be the target. And of

[10:13] course, this is not this is 1.96. I want to wait I want I want to take take a position from when it's at least a three. So if I was taking a trade on the on the DXY, I want to see

[10:30] a candle body break. When I had a break, a break this way. Okay, once there's a break, I will not place my limit order to to sell from here because I know that we're going to

[10:43] tap into that. And this will be my target. So this is this is more like this is a textbook entry if we get that break. All we have to now do is to go to the

[10:56] do is to go to the euro and now look for a similar setup to take in the opposite direction um on the um euro euro because that's where we we take a trade from. We don't trade the

[11:09] So that is what we're about to look at. But before then, you guys know the tradition we have here. I want to know where you are attending from. So top of the money,

[11:22] So I want to know where you're attending from, the city and the country. Just tell me the city and the country you're attending the live from.

[11:37] Go to the comment section. Just tell me the city and the country. And let me give some shout out to you guys for attending this live this guys for attending this live this morning.

[12:12] Go to the comments. Yeah, so have um Debola is in FCT, that is Abuja, Nigeria. Um always good to have you here.

[12:30] in Ondo state. Awesome. So, Debola you you you are on Awesome. So, Debola you you you are on Twitter

[12:48] We have Abel is in Lome, Togo. You're welcome, Mr. Abel.

[13:02] you uh attending the live from.

[13:29] look at the Euro now. We looked at the DXY. Let's look at What can we see from the from Euro? Um it's a similar thing DXY. So, what I have here over here, a break

[13:45] of structure, um a change of character here, which means that we should be expecting this. We should be expecting price to go all the way to this region.

[14:00] So, this is a move. This move can take um a long time to happen, right? It can take the better part of this year to have this move. But, this is a general move base because of this um change of

[14:12] Okay? Move is so that we'll keep on going down. It will be going down this way. Okay? Like we saw on the DXY as well. Now, So, how do we then trade this?

[14:28] To go lower, I'm now going down to the to the one to the one-hour time frame. Um in this one-hour time frame, we have a break of structure over here. This break of structure we have it over

[14:42] here. And from there this becomes um if you take it it's my You know what? Let me just go back to

[14:57] So, look I can look at something. Now, over here, here is my golden zone. The 62 I I really don't I really I really don't usually like This is my 62,

[15:11] right? It's where I expect price to to move down from. Now, over here we have a four-hour order block. Usually, I I doubt if this order block, this one is going to hold.

[15:24] going to hold. Um I really like having a very well a very well if the golden zone and the demand zone or the supply zone is lapping is overlapping

[15:36] very well or if the demand zone is after the golden zone. Like if it was here inside or after like this place now. This is actually I would have preferred this but I saw this one just after

[15:51] going to mark it I'm just going to mark it but this is the one I expected to come to before we take off because we even have another one over here. zone here that I didn't mark off. But anyway, this

[16:05] is what we have here and we have to make a decision when we get here. get to this point. Okay? So

[16:21] one-hour time frame um we have to look for way to trade to this point and here let's me make it clear. Over here

[16:33] we have a change of character here. This is the change of character that we have here. have here. And um

[16:48] I marked out on the um DXY here is a break of structure. Like over here. Let me mark it out again.

[17:03] Over here, internally here, we have a break of structure over here. A BOS. Uh which means that we have two things to look at. One is that the price comes all the way down

[17:16] is that the price comes all the way down to this region? region. This is where this this is ideal for me. Then we'll go up here.

[17:28] working off of this change of character here this is a region from here is where it's most ideal that price comes. This is the trade I would not hesitate to take.

[17:43] But, if you look if you're working off of this break of structure here if we'll take out if you mark out the golden zone again let's mark it out. Um

[18:01] To this high you can see that we are lying inside our And not only that there is also a demand zone here where we we are working of of where price is you know

[18:17] working of of where price is you know respecting. So, based on this Okay? confirmation inside here. If you get a confirmation inside here then we can take a long position and this high

[18:30] and this high here is just the target. this high becomes the target. So, for that I'm going to go down to the

[18:43] minutes time frame. Five minutes is where I always look for my entry. So, what do I have here? So Um this is not really significant, but I'm still going to work off of it. The reason why I'm working off of it because

[18:57] the DXY is giving me a similar stuff. Well, not we have not had a break of like I like I showed earlier. So, for this um I want to work off of this because I'm going to consider that

[19:11] as my internal breaker structure, this one. breaker structure here. Then, this one over here is now the Then, this one over here is now the high.

[19:27] Then, this high has to be broken. Okay, I can only take this trade I can only take this trade if this high is broken. If it's broken this way, then I can take a position here to go

[19:42] Okay? Now, if it's If it doesn't get broken, because this this can just start coming down this As a matter of fact, if this comes down this way again and break below this,

[19:57] then I'm looking for short position to go lower because we're looking to take a position from here. Hope that makes sense to you. Hope this This This makes sense. The first one is that

[20:12] if we break above this, we've not broken above it. Okay, we've broken above this. Let me clear all these things. Um so, we'll look at it again.

[20:30] minutes. If I have a break above this line, my trade becomes this, a long position this way. Low is here.

[20:44] this is the high. And I want to give it I want to it to give me at least a three. Okay? So, if I have a proper break above

[20:56] right? Then, I want to take a short position from a long position from here to target this high. And again, we're working off of this breaker structure

[21:09] this breaker structure here. This is my second this this is what I want to play, okay? But, if I can see the candles are coming down now. If this candle keeps coming down

[21:23] um this way, if it keeps coming down and it eventually break below this low. Um if it if it eventually breaks below this low now.

[21:45] I'm simply going to now take a short position now take a short position from this region if it breaks below it

[21:57] going to go for a minimum of three. This this this way. even if we get this like we go above this

[22:15] We are still operating off of this order block this supply zone here. block this supply zone here. And we didn't get that push upwards but rather we get a push downwards. And that trade basically fails.

[22:29] position this way. Take it low. So, this is a play for um Euro and you will see that we basically take this play from um the DXY.

[22:52] within the next 30 minutes we'll have known what is going to what going to take a long position or we're going to take a a short position. Within that within the 10 minutes this will show

[23:05] will show. Okay? So, now let's go to the GBP. Um GBP which is pound dollar. Pound dollar which is pound dollar. Pound dollar is uh is is more like on its own.

[23:19] The DXY is saying that, you know what? From the high time frame we're going high. We're going up so everything should fall. But the pounds is showing us that it's

[23:32] is going high. So, pounds cannot be going high the same time the the DXY is going high. So, that is the dilemma that we are facing with regards to analyzing pounds. But anyway, we're

[23:44] And we're still going to go ahead and do we're still going to go ahead and do that.

[23:59] pounds. Pounds Um had it been we had a change of character here like change of character down here

[24:14] But we do not have any change of character. We just, you know, basically had a break of structure and price is still looking bullish.

[24:28] So, we dive in deeper. This area gave us a very profitable trade for the pounds. This area was, you a sweet region. I don't see if it happens again.

[24:43] you were trading pounds dollar in this at this time. We have um

[24:55] the same we're following the same thing. Change of character here. Because of this breaker structure that we have over here. Change of character

[25:08] because of this breaker structure. And we then have here the golden zone. We have also here a supply zone.

[25:23] a supply zone. And look at something. Here, which is not something we saw on the other one, over here.

[25:37] imbalance at this very top. Let me make it at this very top. Let me make it thicker. having a

[25:52] here an order block. And I know order block over here. And this fair value gap is just aligning with this golden zone. So, what is this with this golden zone. So, what is this telling me?

[26:08] that the pounds is showing a lot of mixed signals. And if you're not careful, we'll have to trade this, you'll just get it wrong. Okay? Showing a lot of mixed signals. That is why I If you watch a lot of my videos, I

[26:22] because you want to want to see the confirmation before you take any trade because this can be very and the way the pounds is doing right now, it can be it's very um

[26:37] clean. Okay? So, from this change of character, we tap into this demand zone. The thing is that is this demand zone the top? Is this demand zone the top?

[26:51] Is this demand zone the top? >> [clears throat]

[27:11] way to this before coming down. Um but we're not getting that. We just but we're not getting that. We just trade off of what we get.

[27:25] timeframe. On the 1-hour, you can clearly see that this over here is a change of character. On the 1-hour, it is not a change of character on the 4-hour timeframe.

[27:39] Okay? Which then means that which then means that

[28:00] a 1-hour supply zone. Um you will see that the golden zone also aligns

[28:13] the golden zone also aligns with where we are. But you don't want to blindly take a trade from here.

[28:36] So, what I'm saying basically for for for the um based off of what I'm seeing, what I'm seeing for pounds is this. Before I can take any trade on the pounds, initially I was I was looking

[28:51] get that trade. Let me just remove this. Mhm. Before I can take trade from for if I if I can take a short position from pounds, I want to see a very a structural break. One is one of them is this.

[29:06] I want to see this low taking out. Okay? pounds, "What's in it for me if I'm meant to go short?" Because

[29:19] of the way the pounds is not really aligning with the DXY, you might just take make a mistake. So, the best game for you is not as clear as um euro. So, the best thing just to wait for structures to break and align before

[29:34] for structures to break and align before taking a trade. So, one of them is if I see this breaks, then I can look for short position. What we What we can What go higher. Okay?

[29:47] I can now start looking for short position if I'm looking for short position. Ultimately, we can actually see this now go into this region come going this way

[30:00] till we get into this golden zone or into this um this other demand zone we have here. Then, this will now be the place

[30:12] I am more happier to short to take a short position from. This is similar to what we have um in the in the um euro.

[30:24] This also aligns with where I want to take a short position from the euro. If we see the pounds go into that region, then short position on the

[30:37] that is that for um pounds. It's not as clear as the hero. You just have to do a waiting game on the pounds. And I'll be updating all this on Discord. Um, this very week for

[30:52] um, AUD. AUD has been crazy. Just know my plan is just to also take is simply to take a short position from this region. This my alarm here has been set.

[31:06] This my alarm here has been set. Once we get an entry to this region, I'm taking a short position on there. Um, AUD from that particular region. But, let us go, um, deeper to see if

[31:19] But, let us go, um, deeper to see if there's any other thing to do. there's any other thing to do. I'm not seeing anything to do here. position on the AUD from here. Um, let me look at any other one. Any

[31:34] other one? Any other one? Any other one?

[31:50] So, we know here is a change of character. Let me just scroll down on AUD. Change of character, okay? And if we mark out the

[32:07] um, the golden zone for this change of character, it's over here. down here. Okay? And the good thing with this change of character is that it actually aligns with

[32:19] the order block, which is a double confirmation. So, we can have this. confirmation. So, we can have this. We can have price come all the way down

[32:31] But, over here, over here, um, we can also have price do this. into this region because there's a a a demand zone here.

[32:46] And we can do this. So, all I have to do is to see confirmation here. here. As a matter of fact, here I can take a I

[32:58] a limit order um buy here. But here, I want to be seek confirmation here before taking a particular trade from here.

[33:19] 5 minutes. Mhm.

[33:32] trade here. But this is a riskier trade.

[33:44] Um I This one is a risky trade. So, it's basically saying just another other opportunities. You might wait for this.

[33:59] There's another one here. So, it's basically saying short position from here to go lower to this region. Okay? Lower to this region.

[34:32] trade. Um but I want to wait. If I get a So, you can see the way I start working down from the higher time frame lower and lower and lower.

[34:45] So, if I get this if I get this Okay? I can actually do this.

[35:05] If I get this, then I is a position I would take. So, as a quick recap DXY

[35:27] I'm looking at this. Okay, if this happen I will declare. Um Euro I'm looking to take a long position. There are two ones. If we see a break over here

[35:40] break down I'm taking a short I'm taking a short position. I made that clear. I'm just waiting to take position from here and from Yeah, from here. Or if I see more price action here.

[35:56] For AUD um looking at the DXY and what I'm seeing the Euro, I think I'm going take this trade. I won't take this trade um because on DXY. So, the trade that is sure for me that

[36:13] is it's cleaner for me is just Euro. You mustn't trade every day. Just look for the best setup and take the best setup and take that very setup that you see that looks

[36:26] cleaner to you. So, that is it um guys. Tomorrow we look at the We look at the crypto market and see the opportunities we can see in the crypto market. Same time tomorrow, I'll see you

[36:40] Same time um tomorrow to look at the crypto market. Right? So, bye the crypto market. Right? So, bye everyone. See you tomorrow.