Before I tell you about the trouble for this major currency pair, Let me share with you one useful tip.
If price is in an uptrend and there’s negative news release, watch how price reacts to it.
If price ignores the negative news and continues to trade higher, you know there’s strength in this market and the bullish sentiment is strong.
In this week’s analysis, I’m going to reveal a trouble for this major currency pair, and walk you through how I intend to take advantage of this scenario.
Lastly, you’ll want to pay attention to this key level on the S&P. If it breaks, things aren’t going to look pretty for investors.
So, go watch this week’s market analysis below:
This chart spells trouble for this major currency pair
I hope you’ve enjoyed this week’s market analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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跟平時的一樣用心 ! 谢谢 ! 恭喜发财 ,身體健康!!
Haha ! same with you opening with Chinese cheers !
Happy lunar new year, Tet soon!
Gong xi gong xi!
Hey, you’re the goto exrpte. Thanks for hanging out here.
I’m a novice aspiring-trader.
Just wondering…USD & Gold are opposites, right? Since USD is getting weaker now, isn’t that why gold is getting stronger? So, wouldn’t it be right to long gold now?
The correlations between USD and GOLD doesn’t hold all the time. So that’s one thing to be aware of.
Wish you many happy New Year
Thanks for all good info very much appreciated
life good feel good
Enjoy n Cheers
You’re welcome and I appreciate your kind words.
Learn a lot from you, bro. Thanks. Being a price action trader, now I learn about trend following and its been an eye opener. By the way, I saw your profile pic showing you work with multi monitor.
Would you consider to make a post about how to build multi monitor trading platform? I’m sure lots of reader are want to learn that. Gong Xi Fat Chai, may God bless you and your family on Singapore.
Happy lunar new year to you too!
That setup was from my prop trading days, and I simply bought it over from them.
Hi Rayner 🙂
Good to see you and good to see your smile again and again…
I wish for all Chinese people Happy New Year!! 🙂
Thank you for sharing your view on the markets, it’s simply “eyes opener” 🙂
I also thought in last week about what Samuel Hu wrote above me, it’ll be great if you could please make a post about trading platform and give us some principle from your experience how to order the charts to get good view on the important markets (and I found another thing very difficult for me, in making following list, is how to focus on the really important markets (in this post you give us some clue when you said, that we need to wait to the right time when the price shows it).
“I will bless those who bless you…; and all the families of the earth shall bless themselves by you”.
Glad you found something useful in this video.
Thank you for your kind wishes, hope all is well on your side!