#alpha play

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[Music] hi guys welcome back to this new year of 2017 right now with the missing and producing such videos and updates for you guys over the past three weeks I supposed to write sins are the late of December and to the first week of January but little that we are back right now right are sharing with you on the weekly basis know what are our insight into the mark and some of the potential said upset you might also take if it fits your trading plan right so for those who are new and of course you know you stumble upon this video would like to welcome you my name is calm and I'm currently riding alpha play frustrating school or you know as a coach as well as a traitor so what we do over here is on the weekly basis I will be recording such videos to share view my personal insights and are certain opportunities that man i'm paying a close attention to in in the forex market and hopefully you don't you'll be able to gain some insight and perspective from us s bar right and for those are then following us sometime I'll wish you a happy new year and would be a great year for all of us all right so let's dive down into the forex market and take a look as to what is some of the focus for this particular week and for the remaining three days for this particular week what can we trade off in the market alright so let's take a look all right this week our news weiss risk events wise is relatively quiet as compared to last week and of course next week as well but we do have some important data that you need to take note off right today is wednesday UK will be in the limelight because we have manufacturing production later on as well as a boe governor Carney will be speaking right later part of the day we have crude oil inventory this is interesting because late i'll talk about the the oil as well we do have a very nice opportunity moving forward a winning look today or even tomorrow today itself the focus with then the president electrum speaking right now this is definitely going to move the US market in terms of equity stock market and of course the dollar index as well as a certain off TV risk on risk of environment playing out as well all right and then of course friday will be fat chair Yellen speaking right our that's gonna be the focus as well because I we would like to know as traders we would like to know moving forward into 2017 is the rate hike still on the table right now because last year when they increase the interest rate they did mention that in 2017 you are looking up for three more interest rate hike all right so this is the focus for us looking at the central bank from the Fed later part on Friday we do have core retail sales at pbi all right are certainly important data to track as well but relatively quiet for this week all right so these are just some of the news to look out for right let's go into the chart right now all right so first thing first whenever we trade we like to look at one of the most common index mistress the dollar index dxy right is important because a lot of currency pairs that we are trading based on are based on the dollar as far as denominated in the US dollar alright so the DXY or the dollar index actually gives us a very big and good understanding of how the dollar strength is and that's definitely gonna be a technical bias for the major pairs that we are going to be trading right so I'll just bring you to our no border broader timeframe perspective on the daily timeframe what I'm looking up for a while I'm what is my personal insights and opinion is that we are currently expecting a retracement right are from the recent string on the dollar right and then we might potentially and very high chance see one more move towards the upside targeting 106 point 20 area all right balance off now is definitely in the correction for the dollar index right and that's why you later on when I share view on the major pairs to see that there's a lot of major passage is actually in a consolidation or simply because dollar index is also consolidating all right but on a lower timeframe or are we are looking out for one more move down to compete this entire five wave structure and then that's where we can expect to to be you know bullish for the dollar moving to it's 106 point 20 all right so right now if you are looking to buy any of the majors all right are the means buying into dollar you might be want to be slightly cautious simply because we expect this move down first right meaning are we expect dollar to weaken slightly before before another bullish sentiment coming in right what can what can be the catalyst well this are of course if you look into this week a lender all right Donald Trump might be one of the catalysts to push the dollar index down and of course our Yellen can be the DD catalyst as well all right to move the dollar index but this is just based on technical based on the wave analysis all right so you might want to have your own strategy to engage these traits as well all right let's take a look into the euro dollar all right you can see your dollar is definitely in the consolidation it's a range environment what they're expecting is our one one more dip down right not a lot that's about just our close to 80 pips move all right and then are we still continue to expect it to bounce around alright so that's why I personally will feel that it's not the best opportunity a best time to actually take trades on euro dollar because it's gonna just bounce up and down I'm not going any in any clear direction right so I would suggest that if you have other opportunities around just skip this pad right until you get a better confirmation alright pound dollar we did see a huge dip in where price fell or a earlier this week itself and from here because of this huge move I'm expecting some form of deeper correction back to its the 52 s 61.8 Fibonacci level alright and we also see some form of divergence over here right at the bottom so it all pulls and and and show me sign that its kind of go a different race meant before any down move right so as of now if you are shutting the diversity looking to short the pound dollar right again be cautious on because this is also in line with are expecting the dollar index to weaken first dollar yen on h4 timeframe all right what we are looking at for is currently consolidating or is currently doing what i call expanding correction right because after a huge ready late late years last year right what we are seeing right now is currently just a retracement or item when this forms i expect at least one more move towards the upside or ever actually having said that right it's not the best level to take a by opportunity right now or I simply wait for this to reach right for price to reach this area around the 11 4.1 or and then if you see some sign that our price is reversing towards the upside that's the key and that's the signal for you to take a long trip right and I'm expecting it to break above this high is it does reverse and go to a zap site that means after it finishes correction alright so some some more room for it to drop right for 115 point ninety currently where it is 2×1 14.1 best about closer to our pits right and this drop is in line with the dollar index sentiment as well all right aussie dollar it would be interesting to watch on this this one alright i'm looking at a very nice ending diagonal structure forming all right with clear divergence happening as well and you can see price has lose the momentum to it the outside all right so I'm expecting price to terminate around the 73 82 7 40 50 that's about 30 pips range it's pretty small right I'm looking up for shot opportunities around this area right so if you are able to catch this within this week oh do take a look out for that as well right now expecting at least a drop back to with 72 95 or a pretty decent catch if you can capture this kind of trick TV dollar are will be slightly different from aussie dollar because our what is forming over here in terms of structure right it's dust it does show that you know Christ can still go higher back to a 71 25 and no instead of following the direction of Aussie dollar right kiwi dollar seems to go up higher so right now I do not have any clear setups to take a bite all right but based on this wave analysis I'm expecting one more move towards the area before that down move right but of course price and easily break this as well alright so again do not take this sharing as a trick all but just giving you some insights as to how I analyze the market and hopefully through this directional sharing you'll be able to leverage on it and trade according to your own strengths as well alright for dollar Canadian what I'm looking at for is this is definitely a corrective structure right so I'm expecting price to move higher too it's the end of this channel the top of this channel it would be a very decent shot opportunity alright are looking for price to move back down to its at least this trend night or if it if price breaks this all right we'll be going for the what I call the home run trick all right the cost of price decide to break this over here it can go down all the way all right but if price decided to bounce off that trend line or it might go up higher and then I will look for opportunities to short back up debt all right as of now you can take a very low restrict all right if price comes up to this top of the channel take a shot opportunity over here your stops above the previous structure you can actually aim for the home run trade all right if not from this top of the channel to this bottom of the trend line it's so a pretty decent rate because you can capture at least about 250 pits from dead all right so that's four dollar Canadian dollar Swiss friend is interesting to watch as well because I'm expecting this is definitely a corrective structure i'm expecting one more move or and if price comes back up towards the 1.0 220 level it's a pretty low risk rate with a certain high reward alright so the rich through what is really really decent because of my stock just needs to put above the one point 250 area and i can target as low as 1 point 0 0 for two alright so this one is again align with the overall dollar index all right we are expecting one more move towards the downside for the dollar index and that can be the catalyst to push dollar friend to us this last move towards a downside all right but if you look at the overall perspective on dollar franc right is actually still in the range and if I bring you back to euro dollar it's very similar and what they are doing okay so they are all actually in the range environment just that right now I wouldn't be looking for opportunity to buy the Euro here all right simply because the structure is not as clear as the dollar frame all right so if you want to sell the dollar dollar friend will obviously be a better opportunity because this structure is much clearer as compared to euro dollar all right let me bring you to I just now I mentioned earlier in this video that oil is very interesting with all pet news coming in today all right so all pet news over here right crude oil inventories expected to come in at 0.9 or as our way better than the negative number that came in previous month so if it comes in better or even in line deserve point 9 we might expect the oil prices to fall or example because we have a surplus inventory or an increase from the previous month but if the actual data come in less than the forecasted right and if it fell it falls into the negative territory oil prices might be rallying because are you a shortage of supply basically is a supply and demand concept from technical nsa's perspective and wave and nurses perspective we are expecting some form of termination in terms of this down move around the 50-point 62 xrd 49 point fifty area right so this will be a key area to look up for by opportunity but of course are we need some catalyst to push prices and the catalyst can definitely come from the news which is tonight crude oil venturi alright so my my perspective is that our touch is gonna terminate hear the sound move is probably high chance to determine it here and we are expecting one move to as the outside all right from a higher time frame perspective oi is that definitely broke the previous structure over here alright enemy I expect to move as high as back up to 58 points 60 right so our long-term bias is definitely to as the upside right and what you are looking up for is on the shorter timeframe can we look up for a trick opportunity to take it with a very low risk and very high reward ratio all right so what I'm expecting this is do not enter your by set up here all right wait for some form of combination your confirmation can come from a very bullish candle all right your condemnation have come from a double bottom etc right depending on what your strategy is to engage the trick all right but mine my bias or directional bias is actually towards the upside from here right I wouldn't be looking up for short opportunity because the the reward is pretty pretty small right for gold most of our traders are actually very interested in our precious metal a precious metal for gold I wouldn't I wouldn't recommend you guys to actually long it right now simply because the upside potential is very small as compared to your taking a downside namita cell trait right on a higher time frame perspective this is merely a correction as of now all right because you can see on the daily timeframe is very clear that the overall strength is towards the downside okay but yes we are expecting the downside to terminate over here lat late last year in December right and you can see price didn't really turn from that but it's not good to change our price if you did a long bet they're all right because right now the upside potential is rest more alright so do not long as of now because of the risk reward doesn't benefit you right but instead if price comes up to XD 1195 or even 1198 area right around to our vertex there will be a very decent opportunity and area for you to to look for short opportunity to treat that correction bet down right but of course long term wise in due 2017 I is actually I'm sorry goal is actually moving to it the x direction okay because after this scroll up move it we expect some a retracement and then continue up there right from there all the way back up to its 1465 or potentially around update right so if you manage to get a long trip long position at least lower or I or even a very low risk kind of trick it is actually advisable or even a very good opportunity for you to to hold on to your long position all right going for the home run tree so that's about it I'm sharing your view in this video country will all pass because then the video be super lenti all right but I'm sharing you the major and common pass that on traders actually actively look up and trade them right so before end this video are some of you might be may be asking or especially those who have been following on some time all right would be interested to know you how come we shifted our forecasting analysis to us are elliott wave all right or i would say wave rate analysis the reason is very simple because our for the past one to two months all right a lot late last year we have been we have been using this and we have been sharing with some of our inner circle traders and they have benefited hugely from you know didi accuracy and precision in forecasting direction using wave theory and are many of them actually asked if we are going to launch no i add a class or even a course to actually teach you guys how to do it dry and we decided then you know since the students as for a the traders ask for it we actually designed a course all right and we gotta launch it in late fairbury alright so this course is actually going to be conducted first in singapore of course are physically over a classroom setting but eventually we're gonna push it up into online setting as well and then it's going to benefit all traders around the wall all right especially those who are following us from youtube understand some of you might not be physically based in Singapore right so I'm gonna under insert this link into this video as well so are we are going to open up our first batch with a limited amount of seat all right simply because for the first batch we want to still gather some feedback right from you guys and of course because of that we are also giving a promotional price for the first batch right so this this workshop is going to be conducted not only on one day all right but we split it into two session or are one full day intensive shockwave you share with you everything that you need to know the knowledge the cherry aspect as well as some skill sets into forecasting using the l a– week and then we'll have another practical session in the evening during the live market session where you get to practice hands-on right so the first intake will be launched will be will be stuffing and twenty-fifth of februari right and of course you can read about others and the link later or manager in the video right the kospi starting for the for the first batch rubia 497 right we believe that this is really value for money because it's definitely one of the very beneficial analysis for casting technique that many traders actually use or including bank traders and institutional prop from traders but very very little people is able to actually share and are trained students into into using the elliott wave analysis or and we are very confident that we have the ability to do that right and that's why our this pricing is actually very very funny and I'm and what we can share view is the price is definitely going to be increased in the future as well alright so especially for those who are in Singapore if you want to get whole of this opportunity to learn this technique all right our feel free to quickly grab the seats all right because our we haven't decide what is the cat but most likely it's gonna be around 26 at most for the first batch all right so we do have some case studies as such and such alright we are going to launch it on 25th of fat right so that's one and of course are moving forward through 2017 alright if you read our an alert or a big share that we're gonna be more active on trading view sharing on the major pest alright so we have been doing that since the start of week one alright and again all this are not trick calls but if you would like to gain certain or insights into how we do it while some other direction that we are forecasting all right do deuce follow me on training wheel right and whenever I post a new idea update and idea you'll be able to get a notification right so our example like this would be know if you click into it I usually updated idea on Tuesday the idea of the poster on weekend I'll update the first idea on Tuesday and this and the second update will come on Thursday alright so simply put i would like to just share view more right based on this matter and hopefully you'll be able to benefit from it as well right so other than that i would like to wish everyone again happy 2017 and if you have any questions all right feel free to drop them under the comment section below in this video and again like and subscribe this video and hope to see you next week [Music]

[Music] hi guys welcome back to another weekly video kyon kiya from alpha play chief currency strategies if you are the first time watching our video where I would like to welcome you basically what we do on the weekly basis in such video is that we share you some of our traits taken last week as well as some of the potential setups are and the focus for the weaker hit right and for those who have been following us some time really thank you for your support so now let's jump into you know the the content itself right so I'd like to show you some show of you guys to write some of the traits that we have taken last week and those are wonderful traits right are we actually have all of them right mainly the euro dollar the pound yen the dollar Canadian as well as the dollar yet right the dollar pairs are mainly taken before the NFP release all right we combine both the fundamental and technical analysis to give us the confidence to pull the trigger and taking those traits so this is this is a screenshot of analysis before the NFP itself all right so we are having a bullish bias on euro dollar we are actually looking for buying opportunity around the 1.06 932 what's our 1.07 26 right looking for a by going into nfpa right trading out of the event it's up so I'll just like to bring you to what happened after that right so we actually bought it around this area right between 1.07 and you can see that price actually came down to as low as 1 point 07 08 and then we had a very nice bounce all right that was close to about 80 pips and we have already shipped our stop loss to break even riding further up for this particular week itself the other pair is a pawneean right are we actually share this as well of and say that we are having a bearish bias looking for short opportunity around 1.4 1762 one for 2.25 all right looking it looking for it to move lower and I'd like to just show you an update what has happened since the analysis the high was up to 114 1.95 all right which is within that zone and we are seeing now price moving very nicely to it's where our targets are and of course are in terms of dollar Canadian as well you are looking to sell before the NFP came in around the one point oh 3 4 to 1 point 0 355 we sold it around 1.3 55 all right and to update you we are we are not did liam profit right now all right but it's up about close to 30 pips we already have shaped our stop loss on this path while looking for price to move lower and the last pair last week that would like to share view is the dollar yet alright looking to sell around the 112 actually 11 3 2 1 1 3.2 alright we sold it somewhere around there as well and you can see current prices at 11 2.37 that's about close to 60 pips alright we has already shipped stop loss will be even and looking to target door alright so just to show you some of the traits that they've taken last week or this fall right are pretty cool we do have few others that we got out at break events a bit cost price didn't move as intended we actually protect our capital and get out of it so back to what is going to happen and what are some of the opportunities for this week alright we take a look at the calendar for this week you can you will realize that our Tuesday you'll be active on the Australian because we have the Canadian I'm sorry that the Australia cash rate and the RBA rate statement right and then we have some news coming in from the Canadian side but it's not that important and then Thursday would be in the New Zealand side right we have the RBNZ rate statement and the official cash rate as well followed by Friday we have all the monetary policy statement and some China and UK data right so this week focus is definitely on the australia and new zealand currencies all right which is yours en TV alright so this video i'll be sharing view some of the insights and and some of the analysis that we have on this to particular currency so in terms of fundamental right are both the Aussie and kiwi is actually still weak right ah but the but the current sentiment is that both central banks are probably not going to cut rate so that's where we see some relief rally from this two currencies in the past i would say close to one and a half months all right since the start of the year we had saw Australian dollar as well as kiwi dollar rally right so we do not expect a rate cut for this coming central bank meeting but we from our analysis alright we are expecting the odds entv to reverse from its recent ready right to rest the downside right we are adopting both the fundamental and technical perspective or and technical perspective wise we are currently using wave analysis to understand how the market move as well as to have a very accurate forecast as to where it's gonna go alright so for Australian dollar what we are seeing over here is actually a potential triangle from our formation right so we did see a move down and move up and then move down right which forms the ABC we are we are potentially completing the d-wave and expecting one last move towards the downside right and you can see price has touched the 85 for Fibonacci retracement level and is facing some kind of resistance update all right going down to lower timeframe we also saw a five wave move towards the upside alright potentially has completed hitting a minimum target of 3.2 expansion so from here we are expecting price to move lower right by having said that it does you have some room to go higher up to zero point seven 7 eight 8 it's still gonna be a valid potential reversal area to look out for right sharing view then are what are some of the actions that you can take on the australian dollar doll as well as what about rate plan going into this way okay because of the higher time frame it's due on an uptrend but we are spotting a potential reversal zone we are currently holding a neutral bias on a the trading time framework which is the one hour time frame so our trick plan is not to have an aggressive cell over here at current price but what we are waiting for is for price to drop lower all right to let this area which we might potentially see some form of support and we want to wait for it to pull back and then we'll look for a shot opportunity alright so for Australian dollar we are not having us an action plan right now right ah but we are waiting for it to move right which can come from the RBA rate statement tomorrow okay so after and move then you look out for opportunity ok so far see our sorry aussie dollar keep a lookout for a potential reversal right back for us we are not having any active tree opportunity s off now okay for kiwi dollar all right again you can see the rally sins are actually the beginning of the year all right is a very strong rally and then we saw some form of correction we what we are seeing over here is that we saw price completed a total of seven strings to its the up move as well as coming down to this ABC right are and then the this entire retracement is the seventh street all right so what is gonna happen is that isn't it's probably not completed all right so we expect one more move lower all right at least a tree wave move it can be 50 but minimum Lee we are targeting a true rate move lower to let this area of 0.6 x85 20.6 835 all right the potential reversal reversal zone will be somewhere around up here okay I bring you to the lower timeframe on h4 to share view what we are looking up for all right we have our from the previous structure low all right we do have an extender touch wave and then we are forming a 5th wave completion right and we target to complete around the 73 68 to 73 92 area right so it does do have some more upside for it to go all right so this is on the only higher time frame analysis I bring you to what we have for the week in terms of our trip length alright so we are also similar to aussie dollar simply because higher time frame is on app up track right i'd be a spotting a reversal so our bias is actually more towards a neutral but potentially spotting for a reversal to its downside so our trip plan for all our sorry for kiwi dollar will be to look for shot opportunities around this area alright which we identified it's at zero point seven three six eight two zero point seven for all right when price moves up towards this area will be looking for opportunity to short it all right and of course in terms of the target i'll be looking i'll be currently using the daily target as low as zero point six 837 okay so this R if you really look into this this kind of risk reward is pretty decent but of course price doesn't move one direction they're straight down alright so we are be will be looking to take profit as price move and then you know if it goes in our direction will be scaling in s wrong right so this is the two potential setups that I'd like to share view especially the focus for this week is on the australian dollar and the kiwi dollar right so if you have any other questions always feel free to drop them under the comments below I'll write the comments section below this video and if you have sorry if you haven't subscribed to our channel all right do subscribe and like this video so that when we post new videos along the way you'll be updated as well alright so with that I'd like to end this video here and trade according to a plan and always manage your risk and I'll talk to you soon you [Music]

alright guys welcome back to another week right guy on here from alpha play chief currency strategist welcome to the new week for October 2016 know right so let's take a look as to what is going to happen in the market for this week itself right this um this is on the first factory calendar tab so we see that our monday is pretty quiet right on not much of a high impact news all right do we have a power manufacturing PMI as well as the dollar is a manufacturing PMI but the focus wouldn't be on on this to date I'll it's up right so the first key important they'd have to take that off for next week would be on all the RBA rate statement coming in on Tuesday the cash rate is expected to remain the same from the summary of last rate statement right from up years itself the tone is pretty neutral to a site slightly bullish so what we are expecting for this report is that are highly unlikely there'll be any changes so you know if the overall tone remains neutral or towards the slightly bullish site we might see more strength coming in for the Australian dollar right of course the day itself in the morning we do have RBNZ government speed villas speaking a spell and later part of Dave gdt price index all right this would be key for the Kiwi dollar moving forward into Wednesday we do have some retail sales from audie are not gonna be market moving right but just keep an eye on it because that's the first key data coming in after the RBA a statement in the later part of it all right we do have important data coming for you gain you are under the services PMI expectation is slightly lower than the previous battle war here as long as it remains around 52 we do not see much movement in the palm all right but if this data services PMI comment below 50 we might see a heavy sell-off and the pump right and of course and it comes in about 50 for two and the birth all right we might see strength coming in for the UK it's up right now in terms of that then the next key focus will be of course on Friday on NFP non-farm payroll together with the US average hourly earnings all right for those who have been following us sometimes they have been saying this many many times the u.s. is already experiencing full employment data right so the key focus right now is more to it the inflation site for the dollar right so of course average hourly earnings is of more important as compared to the NFP daytime stuff having said that you know if it's there's a Miss in the non-farm payroll and if it's a huge missed we might see more sell off on the dollar right following from last week so average hourly earnings expected to come in slightly better 0.2 versus the previous dates out 0.1 so anything below 0.2 we might see the sell-off and the dollar it's up so let's go on up to this weekly report that we prepared every week all right so i will include the link for you to assess this report on and of course if you have subscribed under our mailing list you do receive this on the weekly basis as well all right so what is going to cover this report is basically a summary of the last week events some of the key events on focus for the week itself and this week of course the focus will be Oct be British Pound as far as the US dollar as mentioned the lip right and of course are we do include technical outlook for the overall market including the equities market SNP decks hung sing as well sandy k as well as a commodities market being the goes over and oil right and of course the broad currency outlook as well on the daily timeframe so this our outlooks that is on the other medium to higher time frame mainly on the daily perspective alright so they say that on this kind of weekly video I would like to include and perhaps some of a shorter time frame meeting on the hitch for to share some of the potential outlooks and potential traits that you can take for the week itself right so the first one I my share of you is a euro dollar so over here if you look at this age for timeframe chart you are looking at price is currently in a very white concepts consolidation ranging environment or so when prices in the range environment what we adopt is the advanced price patterns strategy all right heavily reliant on Fibonacci to to actually spot for potential setups right and over here what we are seeing is we do have a potential pattern right um let me just pull in the right to all right we are good to go okay so what we see is price meet a Down move all right you did a retracement touchingly 61.8 the balaji area and then it bounces off and then right now is rallying up for the as well all right so what we are seeing is that we do have a potential guddi pattern for me at the 127 completion area all right so for those who following us sometime you know that we trade the godly slightly different all right so we'd like to trade the extension of 127 fibonacci expansion okay so it's a pretty deep one the good thing over here is because of this deep retracement our stops will be very tight and that gives us a very good risk to reward ratio alright and if I simply drop in a horizontal line around the completion you can see that there are some structural level in the past as well of course and this your ex slick etting s some form of resistance as well right so i'll be waiting and expecting our expecting is for price to go higher too XD 1.1 325 region and we'll be looking for a short opportunity at the top of the range itself over and pound all right we do have a race similar setup with your dollar as well alright are what we are seeing over here is after that huge drop prices covering least you in this little small range and since this is a small range we did identify that there's another potential patent happening as well right with this impulse lake VDC a retracement to its 61.8 and that's a potential gatley formation as well alright very similar to the euro dollar setup that I just shed earlier with you alright so again we are trading on the completion of 127 right if then drop in a horizontal line at the completion area we do see some minor structure right in the past support turn resistance come support there now acting as a resistance all right not too bad a level to look for a short opportunity very but of course we need to be patient for price to rally up with this region before we have the opportunity to short this market right so the next one I'm going to share you um ok before i go on to the next panel to end in more educational purpose other than you know just sharing your potential setup is that there are many many setups for this coming week itself all right close to 20 / setups but i will be sharing view all of it but i will show you the timing of how you can handle situations when you have many setups that are correlated right so one of the important key factor here is you realize that pound dollar and euro dollar both have a cell setup all right and if you are trading this to pass you need to be very aware that you're exposed to time on the dollar right basically because if you are selling euro dollar and you're selling pound dollar you are buying dollar two times right so you need to be very aware of the risk exposure that you have for each individual currency pairs right so how you do this situation is that if you have you know for example in this case you have cell dollar or sell your dollar and sell pound dollar you might just want to pick one instead of going for bull alright and of course if you have to go for both you might want to decide to reduce your risk for for each particular trait it's up alright so i'll move on um we have another set up on dollar yen as well right which is very similar again or what they are seeing is that over here ah we have overall you know if you look at the higher time frame is in the downtrend but right now we are we are still in consolidation over here the cost price hasn't break the previous slow but over all right now if you just look at this time frame it's in a downtrend alright and if you've starts to pull in fibonacci to all right we do see that price comes in at 61 point it as well so again we have another got a pattern formation right completion is at the 127 so it's not the most nice-looking pad right but ratio wise is still valid right and if I just drop in a horizontal line at the completion level we do see some structural level in the past as well alright support broken tile resistance resistance resistances are broken all right and after that now it might form another resistance area alright so the key level to watch for you Jay will be at 102 point 30 regions of cost price Mexico higher before we have the opportunity to sell on this pad itself alright the next major pair is on dollar Canadian right this one are you realize that we do have conflicting in terms of direction for the dollar it's alright we are selling your dollar selling Europe a pound dollar but we're buying dollar yet now so this is something you take note because in this video what we are showing you is mainly on the technical setups right on if you're trading on fundamental and sentiment you need to cut fold them to to get a higher probability curve traits all right and of course those factors help you to filter of traits that you might not want to take as well alright so for dollar cad what we see is that overall is an uptrend right it's not a very decent up and clear uptrend but it is inching higher alright and if you start to put in terminology for the major strings right we see that this retracement comes in pretty bit too XD 1r0 0.78 retracement and that gets us a potential butterfly pattern and of course this is a bullish one alright so we are looking to buy the dollar sell the Canadian should price drops lower right back towards the 1.2 925 area right so let's look left to see if there's any structure of I didn't it's not it's not the most ideal form or structure we do have a very minor one all right not the obvious and a strong structural level so you get you need to decide whether this kind of setup fits into your into your training plan the right cause what we are doing over here is registered please show you our insights and the potential set up all right ah it's not advisable for you to just follow blankie and take all the traits right uses as an educational kind of series educational kind of video to eat you and you're learning all right so um before I go on to the next few components or I want to share view that onion we do have a lot of similar setup right mainly selling the en paz itself right so starting from euro yen power yen or the end TBN Canadian yet we all have a rest of the set up alright and again if you look at again recently it's all on the downtrend so what we identify is we do have potential pattern right now of course this is a line with the overall trend as well it's a bearish bat pattern all right let me draw a knife it bring it up the 88.6 and this pattern competes at the 88.6 fibonacci level all right so this is on your own yet right are we are looking at a bearish bed so the completion is only happening if price ready up to a C 1 15 point sixty and we'll be looking for a short opportunity all right ah not too that the cost me you had some form of structure resistance at the top of the hill right what i mean by all of the yen tests are looking very similar i'll be going through the process faster we are seeing another similar bat pattern right on setting up on the palm yen and spoke this time round or a retreats like it says is a shallow retracement by hits the minimum requirement after the eight point two we do have a bad pattern to sell this as well all right completion at 88.6 again if you go on you all the yen past you realize that we do have raised similar setup all right you see this swing the retracement comes in around to the 8.2 250 all right and we we do have a bad pattern as well correct so this looks like this all right and again on Kimmy we do have that as well if I pull my fit all right you can see this retracement comes in too XD fifty percent and we do have a bad pattern all right and of course the last one Canadian yet we do have similar setups as well if I start to put my Fit use the high one sorry alright and you can see the retracement comes in at fifty bounces off and we are looking for the 88.6 so again if you're facing with this kind of situation there are two ways you can do it one is you do not take all the tests all the setups that you identify take the higher probability 1 and how you do it you can couple with fundamentals you can couple with sentiments alright and that gives you a kind of directional bias some form of combination in terms of which particular currency pair you want to trade the other way is of course to reduce your exposure reduce your risks that you take poetry in order to balance the overall exposure for yet itself right and to get this video within the time I would like to show you the last set up which is on your power let me bring up my euro pound this will be a bullish setup right because recent trend has been higher right has been going higher inching higher and higher we do want to trade according to the overall trend so we put in the letter swing and be put in our Fibonacci you can see the retracement is deep it comes in at seven eight six right that gives us a valid butterfly pattern right and it looks something like this so we are looking for price to drop back to its d 127 extension around the 0.85 50 and of course this confluence with a pretty decent structure right support broken term resistance broken and I'll come back it might form the support required to push price high alright so we are looking for a buying opportunity over here so that's it for this week alright many many setups to look out for going into into the new week in October itself but the key over here is again not to take all the traits use it as an educational video educational series as as if you have any kind of questions or you like us to discuss any topics all right regarding trading drop your comments below like this video subscribe share with your friends you know hopefully this kind of videos will be able to benefit you in your trading Frank with that I'll talk to you in the next video and trade according a plan man it sure is I'll talk to you soon the me

[Music] hi guys kyon kiya back with another weekly video will be missing this for approximately two weeks right now but we are back today we're sharing view more of our market insights as well as some of the outlook that you can potentially take this week itself so let's take in to take a look into this week events calendar us write our monday is pretty much quiet the only thing that you need signal off if you are trading later on we'll be on UK services PMI it's expected to come in slightly about the same as the previous data 54.2 for now we do see that the bullish string or the bullish momentum on the pound is pretty strong so if this data comments no in line with expectation we might continue to see strength on the UK panel itself and of course if it's a mess we might blue we might see some depth into it alright and of course duh the how much our price will move really depends on what was the miss if it's really a huge deviation all right we might see a greater movement on the UK pound what's up on Tuesday ready focus will be on the Australian cash rate and the IBA rate statement you can see that the expected our cash rate is to remain unchanged at one point five percent we personally believe that you know highly unlikely the RBA we're going to cut rate further so this one you just need to take a look at the rate statement seeing whether you know they provide any forward guidance going in through 2017 alright so this is our naturally if it's a dovish stay in a little bit c or d selling off and if it's a slightly more to as a hawkish statement we might see it being a supporter right now and you need to also take note that aussie right now our our stand is more towards the neutral site so it really depends on the sentiment or fundamentally we are we are neutral so it falls back down to sentiment what is the current market risk environment that's gonna drive the Australian dollar later part of the week on Wednesday the focus we then go to its DiBiase rate statement as well as the overnight rate again our analysis expecting an unchanged at 0.5 we believe that you know highly unlikely DiBiase is gonna do anything at the end of this year again looking up for the Fallen guidance going into 2017 alright very similar to how are you gonna treat Australian dollar the only thing that is interesting on the Canadian is that recently last week Oh Pat has a green in reducing the output production i right that gives strength to the oil prices and then we translate into strength on the Canadian dollar as well right so if debussy statement or default guidance remain pretty neutral you might see the momentum from oil or spilling off into the Canadian dollar as well alright so overall might see some string in the canadian dollar little bit of the week on thursday we have the ECB minimum bit rate as first press conference this will be interesting because the last meeting alright our last press conference druggy did mention about our December giving us some information into new trainee 17 right so do take a look into the press conference especially the forward guidance aspect of the ECB highly unlikely they're gonna in their gonna reduce the interest rate or taper for this meeting but the forward guidance is going to be important because that will put in place and give us some some information right into 2017 what move the ECB do right so this is definitely the highlight for this week itself friday for this week is pretty quiet all right now we do only have the preview and consumer sentiment it's not a moving it's not a market moving indicator so our friday is pretty quiet over all right so this week itself the focus is definitely on awesome australian dollar canaan median as well as the Euro right so let me bring you to the technical aspect of how we engage this let's let me bring you to the Australian dollar firs first often as i'd like to share you quickly that this is based on elliott wave race theory right so right now or based on this simple wave theory i will be able to go through in that or how we derive this or what does this mean but i just like to share you quickly on the outlook based on the analysis that we've done all right so for aussie dollar a you itself our forecast is that it's currently completed is forth with both wave correction we are expecting another down move two words right are at least minimum 0.7 27 all right now it can go even lower to us over here i wrote 0.71 40 marks on for this week itself are we are still looking to sell the Australian dollar all right I'll and we'll take a very close look into choose the RBA rate statement alright so this is a forecast so how we can engage the trade we do need a strategy to engage it right and that strategy can comes from you know depending on what strategy you are using but over here we shared with a lot of our students we are using the basic three strategies at red following structure strategy a car a divergence counter trend as well as our advanced price pattern itself so for aussie dollar right now with that forecast we do have a potential set up over here right now we do have an advanced pattern setting up as well so let me put on my fitness relevant you can see that from this string hi to the string lotus retracement pool into it the 38.2 all right that gives us a potential bad pattern formation if price then from here really hire two at the 88.6 around the 7 7 25 all right over there will be looking for a short opportunity without stops are above the previous string hi you give it a little bit of room right now for price to buffer around right and of course we have targets many many approaches that you can adopt all right are the standard way of doing it is pulling from your 8.2 addy point the first target will come in at to the a point to all right and of course the second target will come in at 61.8 and of course if you want to go for the home run you can in for the target that we shared over here alright we forecast that you can drop as flow at 7 1 40 or more conservatively it's at seven to 17 right so you can actually aim for that spot all right so this is one of the setup that we are looking at four and in this week all right australian dollar having said that are we do not just treat the pattern right now all right sometimes we do have different rules to engage the market to be more aggressively triggered so that we don't miss out on the opportunity as well right so Australian dollar is one do have your own strategy to engage this forecast the next moment review is kiwi dollar alright ye the brother of Australian dollar they move pretty similarly so you can see that this one we are also forecasting it to drop this Monday itself today alright my market open a bit a get down alright so this is definitely an impulsive move so right now we are expecting it to go further alright then what you need is again an engagement rule alright basically you need a strategy to engage the trade you cannot just simply enter at market just because of of our forecast alright so again just like to share view based on the tree strategies that we shared our students we do have an advanced price pattern setting up again you can see from this ring hi to this swing low the retracement comes in that 38.2 that gives us a potential bad pattern right competing at the 88.6 right at 0.7 350 again if price do ready up towards this area will be looking for a short opportunity with targets just above our string hi again conservatively or to the 8.2 retracement from A to D will be your first target alright and then of course you can write for second target a toggle or even go for the run this one we are expecting you know targeting at 69 85 all right so if we looking at this you want to take note that this at different time frame right so from current price to to this completion of the pattern it is some some distance away so you might want to engage on your own entry technique all right if you want to write on this particular setup all right so if if price breach above the 767 17 this count will be invalidated and we need to reassess the entire forecast based off now we are bearish on Kiwi dollar right looking for sale opportunity targeting at 69 85 all right another one trav you this way all right we do have some but which is all euro yet all right we did our analysis on the weekend and we can see that we expect a retracement down and you can see that get itself pushes it down to its are this region right which is highlighted between the 23.6 and to the point 2 so this question has as potentially completed right now we are expecting an up move higher again you need another engagement rule to take that trade because there's just a forecast so over here on you again or you can see that the overall trend is definitely on uptrend right so if you look at the let me put my right to if you look at this area all right this is your previous structural level you can see that price has retraced back within this zone if I pull a my fit all right we do see some kind of fit confluence between this region as well okay you can see that this is the fifty percent fit 61.8 over here right price tested all the way onto 88.6 so as long as this low here hose alright this low host we are bullish on euro yen at least for the one more move upwards right so how you engage this trade is wait for this price action to close perhaps you might want to be more conservative waiting for a bullish candlestick and then you enter on it all right or if you are more aggressive you can see that this price action do see a lot of rejection out what you might decide that you want to enter as of now based on matter price alright your talent can go above the stops needs to go below your previous low here and I get a little bit of room for it to be go around again you might want to also consider looking at risk to reward does this reach through wat allow you to take this trick ok your first starter your most conservative father definitely is at the the previous high right because this previous high can add as a resistance and then if you are going for second target you can in for the 127 extension right that's what we usually teach our students and of course if you want to go for the home run you can refer back to this forecast where we are expecting it to compete alright so this is another set up on euro yen for this particular week which is this one is already ongoing because of the get on Monday itself wishes to take the next one of our share of you is pound yen right this is what we are expecting on Paui and they're expecting a retracement to let's the previous support trend line structure over here before any up move that is going to go all right it can either reverse meaning this is a previous uptrend you can either make a huge reversal to the downside or this can be just a correction having said that all right let's take a look into some of our entry techniques that allow us to take a trick as of now on this hour on this for our time frame you can see it's definitely in an uptrend this will be our previous structure area right so we'll be looking for an opportunity to take a trade off in in in according to the trend or I basically look for by setup if price did we did this zoom so if you point out fit to look out for any confluence you can see that fifty percent confidence over here 61 as well alright so what we've been looking up for is this drawn between the 52 61.8 if price pooling within this area will be will be having a valid reason to take a trick again our entry if you have more conservative players to 1.8 it gives you a better risk to reward all right you can see this kind of rich degree water 1.4 it's pretty decent write it for just target one if you want to import are the two you can put in your fit in for the 127 extension right over here alright so again pound or ours right hung yen you do have an opportunity playing up for this but for a week what you need to do is wait for different race minh within this zone to look for that setup right the last one the a-line shape you are in this particular video will be on euro or z alright you're 0 i'll be expecting over here is a retracement up higher before another town move right but RB we are forecasting this to happen price knit not all the time follow our analysis as you can see drink today right you're all felt pretty significantly so what we are looking at for is this low is breech right out our analysis needs to to recount a little bit in terms of the elliott wave com all right but just to share you some techniques sub entry possibility on your own z if you look at this price is definitely moving in a range this as the hi this is a low but if you look at a higher time frame the bias is definitely to the downside all right because you can see is still moving down so then this for our range itself we do have some kind of pattern forming as well advanced price pattern alright i just put in my fit from this recent high to this recent law you can see that price tested the fifty percent fibonacci retracement so gives us a potential bat pattern formation right home it looks from X to a a to b b to c c to d at 88.6 this the recent dip right as long as the price doesn't reach our previous low here this bat pattern is still valid alright so what you need to do is look out for this wait for price to retrace higher deeper into the 88.6 at 1.47 92 look for a shot opportunity right so it price comes back up your shot entry will be here at the completion of the pattern your stop-loss above your ex point all right give it a little bit of room again for pattern right your tick profit will be using your fit of the d8 point to as star one and 61.8 as target to right so your target one will be here give you a rich rural closest to 1 is to 2 or a pretty decent rate that's how the two gives you a risk you or one is 23.2 alright so this is on euro Aussie so these are for setups that are based on this technique on methodology to engage the trait it's this for potential setup that you can also monitor in the market all right that might hopefully give you some some pits to capture and some profits to take a spot right so that's about it for this particular week again to quickly recap on what we went through this week is all about central bands tomorrow we have Aussie RBA cash rate on Wednesday we have B over C on Thursday we have ECB right so if you're trading the matter you definitely need to be aware of this events technology and of course if you are more experienced into it treat this event because they can give you very nice movement in the forex market alright so let that always manage your risks and do subscribe to our channel if you are very new so that event in the future when we released some new videos are be its mark analysis like this particular video some educational series as well or you receive those coyote and you'll be able to get hold of those video of aspect as they are being uploaded all right that always manage your risk and I'll talk to you next week [Music]

[Music] hi guys welcome to week 10 of 2017 hi I'm here from alpha play what will go through in this week video alright will be the same as what we usually do in our routine the first take a look into the wrist event so right the key economic event that's going to happen in this particular week right are starting off today actually we only have one or not rlly retail sales which came in similar to forecast oh nothing much that's happening in the market later on today for tomorrow right the key event to take note of is your RBA rate statement and cash rate previous interest rate is maintained at one point five analysts also expecting that this month the interest rate will maintain at one point five there's no reason for the RBA to cut this interest rate at this current moment so the key things to take note will be listed in the RBA red statement so you need to read it to it right and get a hang and some ideas as to what the RBA has to say moving forward right for wednesday the more important news will be coming from the adp non-farm non-farm payroll right not the the most important piece of information but this are most of the traders we take this as a lease sign as to whether the non-farm payroll or NFP later on on friday weather is it going to be better or worse off thursday key events will be on the euro site nor ever if the minimum bit rate are releasing together with the ECB press conference minimum be ripped from the euro site maintained at zero percent last month this man and this is also forecasting that nothing will be changed there's also no reason for the ECB to actually change the interest rate at this car moment so the key for tomorrow Thursday join in terms of Euro will be more towards the ECB press conference are listening to what Draghi has to say and how he answer certain questions that is presented to him ending of the week on Friday we do have the dollar data so the focus will be back onto US dollar with average hourly earnings non-farm payroll as well as the unemployment rate right so the last month's data are for NFP is pretty positive at two to seven thousand this month and the list is expecting a slight dip in the NFP right near expecting a 185 thousand or data to be released by in terms of average hourly earnings and the unemployment rate the analyst is forecasting an improvement to both of this data okay so the key focus here on Friday would be to look up for this tree data and the actual releases right if average hourly earnings comes in beating expectation we might see the dollar strengthening right but if the average hourly earnings comes in slightly worse off than the x factor or even even lower than the previous data or we might see a sell-off and the dollar itself alright so simply looking at the economic events that are happening this week our focus on the three currency to look out for be your Australian dollar the euro dollar as well as your US dollar okay so let's go on to the chart right to share view this tree currencies to focus on for this particular week let's kick start with the dollar index right on a higher time frame perspective we asked you holding a bullish bias are we expecting one more move to the upside ranging between 103 point 7 8 to 10 6.6 alright so once price enter this zone then this whole move towards the upside might have competed but as of now we are still holding a bullish bias are on the higher time frame h4 perspective all right now we forecasted this pullback late last week right right now it has hit the fifty percent to 61.8 fibonacci retracement region so over here we are going to expect our one more push towards the upside at least 2x 10 2.94 even higher at 103 point 50 okay so this week are we are holding slightly bullish bias on the the dollar index right and we of course need to look out into Friday's data whether it's going to be a catalyst to push price higher alright so for dollar index I'll be expecting this up move over here let's take a look at all do right now we have been eyeing this for some type on a daily timeframe all right now what we are seeing is actually a big triangle pattern so right now we are anticipating and price is currently in the last wave of your triangle pattern which is your e wave right now to complete somewhere below around the seven 190 we are currently trading around 75 80 or a soyuz do have about 400 pics of movement for you to capture bring down to HEV all right now we did see that price actually broke out on this wedge pattern over here and right now we are waiting for a retracement okay on a follower timeframe back to us our 52 61.8 Fibonacci level around seven 642 7665 are to look up for a shot opportunity right what what i'm forecasting anticipating is for price to retrace up here within today or early tomorrow and we might see the RBA rate statement express the cash rate to be the catalyst to perhaps push the aussie dollar lower right so how low you can go are we going to anticipate minimum target to sell the aussie will be up to 0.7 for 50 to 70 382 all right this is our first target and if this level breaks we can in 47 180 right around that region right so fuzzy we are bearish for for this particular week and we are going to monitor the RBA rate stable closely tomorrow to see if there's going to be the catalyst to push the Aussie in lower and of course we need to take a look at the euro as well it's going to be the highlight for this video easy d press conference on the daily timeframe the euro is actually in the consolidation phase after a significant move Lois's the high at 1.16 fitted right are the ones if you take the low at 1.03 35 right now is basically currently in a range environment even though the daily timeframe is not moving much right and if I bring you to the four hour time frame you can see how is it our current econ currently consolidating all right our since the late la artists last week itself ok but having said that are we are still holding a slight bearish bias on the euro dollar looking at the fundamental on the eurozone is not very healthy is all very positive alright so we are looking for areas in which we can have a higher possibility of taking a shot and still have a certain chance or higher probability that we might profit from it right so the area that I'm looking out for this week it's at the one point 0 6 30 to 1 point 0 665 area ok if price push one more time up to this region I'll be monitoring to take a shot trade our targeting as low as 1 point 0 37 to 1.0 tree ok what is going to be the catalyst it's definitely gonna be your ECB press conference coming in on Thursday ok and of course another force that you need to need to monitor is your dollar alright so just to quickly summarize some of the analysis and our watch list that we have in this particular week we are looking at three currencies or Z dollar as well as the euro alright so we're gonna look at aussie dollar euro dollar as well as the dollar index right so for this week our bias or the dollar index right it's slightly bullish expecting it to hit the 10 2.94 region your obvious likely bearish expecting it to fall over 2x one point zero three seven and four ozzie we are also bearish k expecting it to hit at least 0.74 50 right so once again a quick disclaimer all these are just my personal our analysis alright it's long a signal and you need to do your own due diligence with our proper risk management in place and if you have any questions feel free to drop yours questions or even comments in the section below right and we'll talk to you next week [Music]

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