Forex Weekly Trade Ideas (Top Down Analysis)
In this overview:
EURUSD Bullish continuation is expected after a break out of the bearish channel
GBPUSD Forecast: Sterling got a great boost after all the good Brexit headlines, we looking for a correction down to then look for a buy.
USDJPY Forecast: China and USA phase one trade deal making investors sentiment to shift risk on again. JPY is weaker now and USDJPY expectation is long after a correction down.
Also in this overview forecast for Gold, Crude oil, USDCAD, AUDUSD and NZDUSD.
How we can use market structure to beat the market, and predict the price movements before they happen. Also a top down analysis, that will help you as trader with your trading plan for the trading week.
Forex Weekly Trade Ideas videos, help the beginner traders to master reading market structure, and price action. I been trading for more than 12 years now, and as many new traders, I started by testing every single trading indicator out there.
After a while, I started to see clearly that trading with less indicators is much better for me. I narrowed down my indicators, to only have RSI (Relative Strength Indicator), mostly to find bullish / Bearish divergence .
Also Pivot Point indicator, to help me in projecting possible support and resistance levels for the upcoming day, week and monthly chart.
The third indicator I use is the simple moving average, mostly 200 but also 20 and 50 SMA, when there is the right market conditions. But those indicators, are there only to give me some confluence only, and NOT to make trading decision based on them.
What I look at first of all, is the market structure, which is my real edge in Forex Trading. For me Market Structure is the most important thing to look at on any chart, no matter if you trading currency, Cryptocurrency, Commodities or indices. I always make sure that all my students, can read and analyze market structure. Then when they master that, we move to the rest of the course. If you really willing to be a great trader, you must master how to read market structure.
Forex Weekly Trade Ideas (Top Down Analysis), is uploaded each Sunday on my YouTube channel. Subscribe to PA-FX YouTube Channel and never miss a good trade idea.