yo what's up trader? how's your weekend going?are you excited for the coming week? I'm pretty excitedwhy?.
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you know, start from this week I decided to public my weekly forecasts and weeklyanalysis, so every Sunday night GMT+7 I'll be publishing a newvideo of the weekly forecast for the coming week, and during the weekday at the same time 8:00 p.
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there will be a new strategiesnew tutorials scalping, day trading, swing tradingstrategies as well as tutorial for indicators, so I'll share all that goodstuff for free, so make sure you subscribe my channel hit the bell buttonso you will not miss any of that, and also I just create a Facebook page andthe link is below, the publishing schedule will be down there and theFacebook page's link also down there so everything is down there, make sure you checkthe description all right, that's everything that I want to announce fornow, now let's get started with my coming week analysis and forecast alright sothe first pair will be USDJPY let me go to H4 timeframe tohave a better look of the general direction of the market I'll get the trend, like from the previous high so you can see price has been two times retestedthe trendline level from this high, one two and right here you can see that price keepretesting the trendline level in here I see support and resistance levels, especiallyit is created from the previous consolidation area on H4 timeframe, start from 14until 25 26 April we have another resistance level here, we mayexpect to have another short-term consolidation area, side way or down wayI would say we possibly will have this level as the support level, so whatis my point view for USDJPY this week we may expect there'llbe a consolidation area during this ranging or the price will go like thisuntil this level and go up in case price go down like this I will not enter any sell trade, because the risk reward ratio is really bad to me so I prefer towait for buy setup, I may skip trading during the consolidation area as wellbut if you know how to trade the sideway then you may enter during this tradeand in case price does not fall into that two scenarios then it might breakthis level – the top resistant level well, in that case I will look for buy setup to trade, my take profit will be here and stop-loss I'll place somewhere aroundthis zone for USDCAD, look at previous price structure, possibly we will have anothershort-term downtrend, let me get a channel tool to make it clearer we may expect price to have a littlecorrection and complete it's way to the resistant level of the previous high andbounce back with a short term downtrend with the same pips compared to previousimpulsive ways so 400, so possibly if the price go this way, we'll have around 400pips as well, for this short term downtrend in case the price breaks thesupport level and go lower, if you already entered the trade in here then you maymove the stop loss, and you may consider to add more sell position in here, if youhaven't entered the market and you may look for a sell set up around this area, be careful with the false breakout and retest, in the second scenario when theprice moves like this and break the resistant level, then you may look for a buysetup in here, take profit will be around here, and stop-loss will be around here for NZDUSD in general we have an uptrend but before we have a new Uptrend there will be a short term downtrend, let me get some lines inhere so my point of view for this pair is, youmay see the price go to a lower line like this, or even break through it andgo to this level, and then we have uptrend, I will not enter any sell trade inhere but if you know how to, then feel free to do so, please keep in mind thatduring this movement the price can go up any time, and that is the reason I willnot open any sell order and I will only look for buy setup, one you see a goodbuy set up and you enter a trade, for taking profit, you may set the take profitalong this level, or this level for NZDCAD you see the price repeatedlyretesting the resistant level, while the bottom is getting tighter and tighter, somy prediction for this pair is price will have a downtrend after this you mayconsider to look for a good sell setup if the price break through this zone for gold, we'll have a resistance, and this support, in general and for a long termI'll say there'll be big downtrend but before that you may see the priceranging during this consolidation area or there will be a false breakout I will not open any buy order for the gold and only look to sell so you may see acouple up & down waves during this consolidation area, price can break thesupport level and retest and we have a huge downtrend after that, look at theprice structure in this area you know what I'm talking about, this downtrend will be a “life changing” trend, so make sure that you do not miss theticket to get on the train this time for GBPUSD, the general trend is upbut before we have another huge uptrend and there may be another smaller andshort-term downtrend, we should expect so for GBPUSD you may see the price complete thecurrent downtrend to reach the support level and bounce back, there may be some falsebreakout here, so you should be careful if you consider to sell during thistime, only look for a good buy setup so my point of view for GBPUSD is, shortterm – downtrend, longer term – would be uptrend so I'll look for buy setup in here and Imight consider to add more buy order in here, if I see a good buy setup in here for GBPJPY, in general we will have uptrend but before we have a big uptrend like this you may expect we have a short-term downtrend, so currently priceis going to this direction you may expect price to reach the support levelor even break through it to reach around this level and then we'll have another biguptrend so be careful when you consider to open any sell ordersduring this down movement of the price because the price could move up any time, so for GBPJPY I only look for good buy setup, maybe no sell orders for me for GBPCHF like in long term there will be uptrend, but before that you may experiencea downtrend, and so for this pair we have two scenarios, you see pricego down have consolidation within the blue box, or have a false breakout, thenyou may look for buy setup in here because this uptrend will be as big as this uptrend, otherwise if price break through this zone and retest, start a downtrend, you may look for a sell setup in here for GBPCAD, based on the structure of theprevious price movement, we may expect to have another downtrend, touch this level, but for longer-term there will be uptrend, so first scenario, if price move like this, then you look for a good buy setup around here, forsecond scenario if the price continue to make the consolidation area like this, then possibly after that there'll be a huge uptrend, so you look for a good buy setuparound this level for EURUSD we have a resistant level in here, another support level down here so for EURUSD there will be twoscenarios , you may see the price continue its way to reach the supportlevel, but if you see a significant down movement of the price, what I meansignificant in here? if you see a long bearish candle with almost no wick, likethis, then you may expect price to even break through the support level and goeven lower, so if you already have sell order around here, you may consider to move the stop loss and add one more sell order aroundhere if you see a good sell setup, otherwise for the second scenario, for the EURUSDif the price create a consolidation around here, then very high chancethat price will go up, so what I will do I will look for a good buy setup aroundhere, once the price break through the consolidation area for EURJPY currently we see a price correction but then in the next few days we mayexpect another big uptrend, you may want to pay attention to the price behaviorwhen the market reached the Blue Zone in here, because high chance we'll have thebig uptrend after that, so for me I will look for good buy setup during this level just like EURJPY, CHFJPY currently has the price correction afterthe huge bullish candle here, so you may expect to have a short consolidationarea here, but after that there would be another big uptrend movement so payattention and look for good buy setup in this area for AUDUSD, in general we have uptrend but before we have another uptrend movement, you mayexperience a downtrend, the price might move like this, or even reach this levelbefore move up, so in my advise you pay special attention when the priceapproach and move into this blue zone so like I said the price may break throughthe zone, and have a false breakdown here but then bounce back, or the price canhave a consolidation area in here and goes up again, so for me, I will not openany sell order during this period because at any time, the price cancontinue the up trend again, so what I will be looking for is I will look for agood buy set up if the price move as my prediction during this area for AUDNZD, in general we have uptrend but before that we may experience a little bit of down trend, the pricemight move like this even to this level before continue the uptrend again, soif you consider to open any sell orders during this period, then you should payattention to the price behavior within the blue zone and that is my predictionfor the coming week so if you enjoy my analysis and forecast for the comingweek please share the video with your friends, with your trading mates, with yourtrading groups, whether you have same opinion with me, or you have differentopinions just leave comments below I really love to have discussion and it is greatto have different point of view, so I don't feel like I talk to no one, and there'sstill someone listening to me.
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🙁 oh yeah, if you enjoyed this please subscribe to mychannel that is a really great support so this is the end of this video andI'll see you in the next Sunday with the video forecast of the currency pairs forthe coming week and we'll look back to this week and see how many currencypairs that I correctly forecast the direction alright take care, happytrading and stay green peace out \m//.
