#forex patterns

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Forex Trendy explained and action...

what's going on everyone Nikki with pips University comm hopefully you guys had an awesome Thanksgiving in this video I'm gonna show you in my theory why euro USD is spiking so hard and hopefully you'll be able to find the setup in the future let's get into this [Music] all right this should be a pretty quick video I'm just gonna run through Eurodollar real fast and some important levels that you need to be watching and why it's spiking so I'm actually gonna go over to the Instagram page with pips University this is my account at pips University follow me and I talked about this I think it was two days ago it says 1 day ago but I think it was two days ago I I was actually looking for the short right here we had a lot of resistance right there but I also said it does look like a bullish flag however I love playing the US dollar strength plays blah blah blah so I did see the bullish flag and that's why I didn't take this if one little detail is off on my trade I won't take the trade I'll sit out on something perfect or that win in the original direction that I wanted if it's not perfect so I saw this bullish flag pattern but it was too close to a double top and I was like you know what it's not worth it I'll just take the week off it's probably not gonna be too fast anyways and boy was I wrong so let's get into this really fast so if you guys don't know what a flag pattern is go on to the Pips University YouTube channel and just type in flag pattern or type in forex flag pattern and find my video it's like 25 minutes long I teach how to trade the flag pattern and trend line breaks but this video is not for that this is just to teach you this is what's happening so in my opinion this is what's with what's going on so number one a lot of people were trading this Head and Shoulders pattern if you go back and you look at everybody's analysis for like the last two weeks everybody was talking about this head and shoulders and head and shoulders are starting to become less valid in my opinion I got smoked on one I'm poundin Australian dollar and they do work still I'm not gonna say they don't work but a lot of people were trading this Head & Shoulders pattern so whenever the pattern is pattern is very easy to see banks know that it usually just destroys people but a lot of people are trading that so I have a feeling the reason why this is spiking so hard is because there were so many sell orders there's a lot of short squeezes going on a lot of people have to cover so I want to talk about that pattern I don't think it was the perfect head and shoulders because we have three points right here it's not my favorite and we also have this big flag pattern so there's two of them so first things first we got to break this down piece by piece and I'm just going to work with this data that we have right here number one we have a supply zone and it is right here supplies resistance it's the ceiling all of this is supply I could bring it down a little more yeah that works so all of this is supply you can see we can't after after this was support this is now resistance came up dropped and then now we broke through it and we broke through the next level of supply right here and we came up to the top so now we're at the top now we're at the resistance again we have more supply right here this is where it gets interesting this is where you start getting into that big rangy box and I'm actually gonna make this a little bit more thin so it goes all the way across and looks pretty so if you if you guys know the basic concept of support and resistance once it if it's support and it breaks through it then becomes resistance when it comes back up if it's resistance and it breaks out and it comes back down now it acts as the floor so that's all that's happening right here this is the first piece of this so we broke through our resistance right here this big move right there blew through our resistance right here this was our ceiling imagine jumping on your bed you hit your top of the head and you come down this one didn't care it blew through the roof and then now it came back down to land on the roof so we blew through it we found the top right here that's a good good supply zone you can even take it all the way across and we have supply all the way across from right here so we have floor floor floor now it broke through now it's the resistance now it's the ceiling ceiling ceiling and then we we drop there another floor blah blah blah now this was the only short that happened level so that that level was valid but it was not gonna double top and that flag pattern showed it so I'm gonna run through the flag pattern real fast but that's basically what I saw so in short of basically everything that I said for everybody that's new we broke through our ceiling now we came back to test it as our floor so this was our ceiling now it came back and it tested our floor if you can see that that's going to take a lot of practice I've probably looked at 350,000 charts since I've started maybe more so it just takes it's very easy once you know the basic concept of it's really the only way I trade now I don't have a lot of indicators on my chart if any I just use them sometimes for extra confluence but this is pretty much how much charts look at all times now just they call it naked trading I just say no indicators price action all you need so after we have that we have this beautiful flag pattern right here and go to my YouTube video and watch the flag pattern tutorial on why this was so powerful but we have our strong impulse move followed by this beautiful flag pattern we broke out we retested it and then we move to the upside now if we do our Fibonacci retracement let's see where this came into I like to have it at least at 382 and that was for sure at least 382 in the 382 50% range I like that you could even take it from right here to right here because this was the first move pulse and then this was the second one so this is probably at 0.618 yep so either way you have that nice zone right around 117 – and it's just a simple flag pattern that pattern is very very powerful and it's what I talk about on my other video and something that you need in your trading toolbox now this is a perfect one perfect example you can actually even do the trendline right here really really nice trend line break flag pattern whatever but this is where it gets interesting this is why you would have traded it so we have our picture perfect fly pattern right here we broke out and closed just like I teach on my other YouTube video we broke out and retested it that's the perfect buy but the reason why I did not buy it is because it broke out and like I could have traded it made a quick hundred pips or whatever but it wasn't it wasn't something ideal I should have traded it down here and not up here I think whenever I saw this it was already half way above it so I was like the risk to reward just didn't make sense so it would have been like a a 70 pip move for how many pips top loss was that 89 pips top that that doesn't suit risk to reward at all so you have to sit that one out now if I would have seen it whenever it was down here and I didn't I would have traded this breakout retest and then the move to the upside would have been 120 pips to the upside with only a 34 pit stop so that's good that's how you want to trade that in your your take profit is just at this zone right here so that's how you would have traded that flag pattern you have a nice strong impulsive move followed by the minor correction that I talked about but now we have to look at the 120 level and I'm gonna go to the daily chart for this and I'm actually gonna show you another flag pattern that happened so gosh I can't get all of my objects off at one time okay so we have the flag pattern that happened right here but we also have one that happened right here so you can see we have the strong impulsive move followed by this minor correction and you could actually even do it right there but this is where pretty much all the points held at so we'll do it right here we didn't really get the retest but we did breakout and we went all the way across from hold on all the way across this was this was our demand zone now turn the resistance now turn back to support because it broke through you can see the big candle it broke through our resistance came back down to test it as the floor and then now we're spiking but now we're getting up into that 120 even level that's getting really really high on euro dollar so I'm not sure if this will double top at all if it would find any resistance right there I'm sure it will I'm sure it'll find a lot of resistance at 120 we have a lot of demand right there but actually let me break this down piece by piece and start so we have that flag pattern the next thing that we're watching is that 120 to 1 what is that 121 almost 121 level and if we go over to the order book indicator with O and ax this isn't my only way of trading Forex with the order book indicator it's just a piece that gives me extra confluence in a non lagging way so I like to trade really without indicators but this one is very helpful from oh and ax so if we go over to the daily chart on it you can see that there are a lot of sell orders at that 120 level let me get rid of this red stupid line I hate that thing okay so what this order book indicator does is it shows that it shows all of the most important orders and where everybody is selling at with au end across the world including the major institutions so that's what this indicator does and you can see we have this strong supply zone right here and then we also have our sell orders where almost all of the Big O and a clients are at now this could be fake they could just be putting a bunch of orders there and then they remove them but this is a very good indicator to show that this is a major level that a lot of people are watching so that 120 level it's a nice big hole number where we have supply already right here it's almost a triple top quadruple top possible if that holds we're looking at like another drop to at least 159 in my opinion – 111 6 so this is the major zone that I'm watching I want it to come up and test it get some type of rejection candle like this for like this or like this I want to see it get wiki I need to start saying that more need to get wiki right in that zone right there for me to show that this is strong but if you look at it right now it's just ripping I don't want it to do that through that zone that will not make me feel too good about that like it's doing right now you see it's just strong green moves what would be amazing is if on Sunday it gaps up into the purple zone I'm just doing theoretical I don't think that would happen but if it could gap up into the purple zone I'm talking we would have a pretty significant drop I'm thinking at least five hundred pips if we short it from the top and then right here would be the next major zone that I see and that would be around a thousand pip drop so really watch that 120 level and 121 that's the final thing I'll say on that but there's another thing the final piece of this is we have this entire zone was resistance we can even do it from the wicks I don't really like doing the wicks right there because a lot of times those are fake outs I like to do it right on the body but since we don't really have that maybe it's going off the previous resistance now turn to the support based off these two wicks right there so in in theory it should have gone up came back down and then move to the upside so maybe this is a three wave correction maybe it'll double top right here and then come down and then go up so we'll have to see on that but that's pretty much all that I saw on this is that we have a lot of resistance being broken and being retested as support so if I go over to a monthly chart where is the next major zone of resistance and that's right around you see you should see it instantly the next major zone of resistance that I see is this entire from 120 up to 123 123 ish is a major major supply zone major we should see some nice sell-off right there or at least some sort of rejection you can see we have a little bit of rejection right there so we'll see hopefully we can have hopefully we can have a double top right there that would be really nice but as of right now I'm just waiting to see how this zone reacts everything else is old I talked a lot and taught you why that was spiking but now to simplify this entire video on the daily chart I'm just waiting to see how that zone reacts which is 120 to 121 I needed to get choppy I needed to get wiki I needed it to show rejection and then we're looking at a really significant move to the downside now will most likely do a video on that but here would be the zones that I watch on the way down I would not hold all the way down you guys know me but these are the zones that I would watch and dollar has a lot of strength in it right now a lot of people are saying no no no but our economy is rebounding slowly but surely so you guys have to you guys have to get rid of your theory on that it's bad because we have a lot of growth happening pretty quickly too so unemployment's down we have nice job numbers it's just really it's a it's refreshing to see so when the dollar strong you start seeing trends everywhere else so these are the three zones that I would watch the first zone is that 115 to 116 level next zone 113 and the final one would be like 111 so we have to see how that zone reacts and this is the video that I have for you guys today hopefully you guys enjoyed it kind of long kind of went longer than I wanted to but hopefully it made sense and subscribe on here click Subscribe turn on post notifications and follow all of the social media accounts linked in the description box below join pips University for the Black Friday sale that ends today and I will see you guys on the next video it'll probably probably be Sunday so have an awesome weekend have a safe weekend have a profitable and smart weekend and I'll see you guys in the next one peace [Music]

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how every one of my channel you watching John effects and today I'm going to make another technical analysis for a new week which will start in protocol to july or major pest and also google and as usual let's start from the warning that forks the risky business you can make money you can also lose even more than you invested so if you decide to trade in Forks you have to ask for a professional financial advice and everything I show you on this channel it's all for informational purposes only and it's all based on my own opinion and experience so I'm not responsible for any profits or losses you may make so if you decide to trade in for my videos it's all up to you at your own risk if you disagree with my conditions you can change the channel if you agree let's continuously do so um let's start first is usually looking back and see what actually happened previous week and then we will see what happen next week predictions so I'm studying as usual with a year door and as usual you know the rules how you start your trading week you have to check poor economic calendar and we are going to have a lot of news this new week again also you have to check for each pair you go in a trade what you going to be so there will be most important one of course on Friday is known pump 800 American tour and also if you try to straighten tool that will give a decision on tuesday i believe and also there will be some use for a pound of pasta dish so it could be maybe something important so that's all what is going before this new week so just don't forget to check come on the calendar if i can gonna spend your time with it right now so we will have a little bit more time for looking around the pace and because i'm saying the most important for when we move your courses is known pump a row on friday so do we hopefully some good moves so are you door you working right now it's a four-hour chart and just a bit clearer pictures usual old lines and levels I had from the previous weeks I haven't changed anything again and it's exactly the worst and what you can see now I'm on a daily chart that you do finally actually had to move went up and right now you can see it stopped at one of the downtrend channels at the level which I had from quite while ago I had this channel so you can see mouth it's bouncing around this area so let's go to one out so we can see a week and what was happening during the week just remember again I was making video that was the previous week when I was saying that by the local rate that you didn't want to give up I didn't want to go down because it's kinda has a nice drop and then I had a little bit of recovery and then I was sitting all all like conservation let's say around the levels and previous week it's stopped around the same area kind of where we had that big drop and didn't want to move anywhere too much as I was saying it was kinda not clear way is going to go didn't look like it wanted to drop and it didn't wanna go up either we were crazy some user knows um expecting the good news last week and that's exactly what happened so you finally actually had a mess so now you can see a week what happened in a week so that's what you can see is like Monday and Tuesday we had quite slow movements and Wednesday also were slow before the new zealand new zealand happened it's actually moved market finally because remember was a consider some reports again way is i expected to the giggle changed rates and after that report you can see the market earth moved or dropped a new renter so and you can see that's where are the market move and if you can see that wing that's what I'm saying why I don't really like to trade in summer days because exactly what can happen is this wings it's not very not willing event when it happens something like this is you know my gonna 18 minutes if you know my strategies of trading the news events so here that's where i had a loss and also i had a profit too so you remember I usually look for a consolidation before the news event is exactly what it was the market was considering consider dating and preparing for news event and then you come out that first candle it's actually market drop and this is what I don't really like I hate when it happens I'm sure everybody hates when something like this happens but that wasn't divorced if that scenario because you know is usually i place it i'm saying when I trade I don't know where the market will go my goal Appa might go down and I'm saying my status it doesn't matter it's is important is it going to move enough at least one direction so even in the piston area when I move down so i had to ghost on this one but when it move up I had another order by and exactly can see the market ball and moved five wood and the posts are to cover the loss and also make some coffee so some of you had the trade cyclist is probably what you get from all the trading that means again but there's some sane and sometimes it's quite often happens something like this but as I'm saying it's not the worst one what the worst one are usually scared or worried when the market like for example moose one direction program we could move down taking one trade and come back make yours taking another trade and then could come back again and make you not a loss to team up that's when it's like the worst scenario can happen so this wasn't that bad so it was kind of still okay for that and so would next you can see the market moved and the Rope when you know it's moving that fast you know that it's not going to store by that level will continue and the next level is going to be this series so where you would think their marketing turn around and you can see what I think in a little bit then slow down and finally makes day and fridays actually grew up to another level and reach the main level of the channel so this is where it is now so what is now is I'm saying to you next week is going to begin weekly the news and of course until friday is quite a while so it could be some movement or it might be a the market will be waiting for this important news but so here what i can see as you can see that previously market looks like it was a little bit not exactly a hundred percent know where it's going so it's created like want to open in another top know if it's some kind of like a double talk and one of the buttons enough to double top usually the market for example here it was going out and create a double tops you expect it going down but it didn't if its consolidated so now you can see again so what I see it's created like a double top again and but if this button you can see like if here went up and then I'm consolidated today then up and create a double top and consolidated again after that it didn't draw it continue growing up then here is a double talk it's went up and created to top stay away then it dropped a bit and then went up a little bit and this is where it stopped right now so and if because it's around this level would I would think or if it will be a double tapas which will create the second top then possibly would be maybe if it's not going to create anything around this area and he might actually be a double to open and might drop but as I'm saying because it will be known farm it could maybe slow down a little bit oh it might again need to see what's going to happen on opening of the market I was going to happen on Monday maybe it will continue we have another level here you can see so possibly it could continue going up but right now I can see a little in case it's one hour chart is a bit more clear with the wings here and you can see it does look like a double talk at that point right now so that's why the attention for me will be around the Syrian to see what's going to leave on Monday the end would eat what is going to create around the Sierra so both the distance it does look like it's enough distance for example it but it will create something around this area a little bit slow down so we have about 97 98 might go live the highest about 100 peeps let's say and also form on that level we have to post which could be stoking point about 40-something peeps and another is in about hunt itself so what what's my point is again I wouldn't create my wouldn't do any other levels because it's all kind of clear I mean again I can do something something like this but as you can see it's if I will create if I will draw some practice it would be crossing this area anyway so as I'm saying when the market would open and if it will be trying to go down it's obvious anyway so don't really need that level because i have this main level that's why at that point I don't really need now unless I'm not going to do it just to see what is going to be here and if it will are because as you can see might be again might open is a gap might be cut up and my teacup down or some some slow down here and of course Ephraim will be creating something around this area you can also be able to go on a smaller charts we will be able to draw something around here depends how how it will continue to move on Monday and how to open on Sunday on the market on the market open so what is it going to create now around the Sierra so if you only see how it stopped so let's all my thoughts for you doll at this moment I'm saying it's just if created this little double top just like here but as I'm saying again is a difference between these two that one had a little bit of consolidation and he is just created one and second top so let's see what's going to happen and but we can do something around it so i would go cause i would look around because now i can see there are some movements for your door of course also it's now in the 4-hour chart and it's nothing right here but because you might create maybe like a small triangle checo which has a bit different name that button which always get in the name of that part in a small triangle pendant I think pennant yeah it might be like a little pennant I mean when it's created here like some little later you might like little you see it's like a little also pennant but it's on to our challenges where you go on a smaller chart so you can see but is I'm saying it's kind of like not very very nice one so maybe something might create like a little cannon so that's we need to see and then I'm saying yes if the main rules for like pennant if it will create that it will continue going up so yes it might continue or not but also it's not always it's not always gold v-grooves and we might go the other way but as I'm saying is it's stopped in the important level around the power input level it's all you have to do just as usual wait for creation or some pain and ever only Syria that's all so a little bit better and clearer picture now it's for me okay go to pound dollar and as you see nothing happened just as I thought I didn't touch panel at all it's a four-hour chart and you can see of course it will be I'm still insist you I still continue and how long would we'll go nobody will tell you when we're going to see any good movement since I'm saying that will be news this week it's Thursday check out the days at the times and we'll see will we have some clarity and we will have some movements that day but at this moment you can see just sitting here I mean yes I can also draw something around here but I can't see the point doing at the code I'm not gonna touch it this week either you see for example can try to do it run this area I mean you can have some play like two examples this movement is about 170 peeps woman but it's all around this around this this kind of level so roundly epitopes oh wait I mean yes you can try some saying you have the drop and went up and some of the system's I was telling you so for example you can draw some practice before opening of European session London so for example you can draw some black bass and try to work when it's great breakout system and again you can do something like this again and try to catch like this movement so it's all possible to to do this but um I don't like to trade the backless it's like more grace because I'm saying go to the summertime summer months and uncertainty and I prefer to just stay away but I mean you can see that you could expose about to catch all this this movement is simple strategies we've done because it does create this little train train little trench and also all the flags how they both example we went down is creatively still how I call it little trend channel for example by it's actually pulled up a little flag you have a that good movement and the flag and his seed moved about probably about the same as it pleased so you can try to catch all this little movements if you need if you thought the trade it does move so I'm not going to touch again pound all that she was going to happen and thought if it's won't do anything but I would just leave this is what I'm saying it caught if you would think prefer to trade them you can see if you trying to catch these movements then I possibly can draw that that level around here which is kind of like you can see it's in the middle between these two so obviously it's it's it's a new because it doesn't know if it wants to go up a room to go down because we don't have any clarity more information for anything at this moment so how long is going to happen no idea nobody knows so as I just I just leave it as it is so australian dollar go ahead again um it's for our child and it did have moved finally also just as I expected to remember I was telling you that let's move on our chest we can see a whole week that my thought was that this is where we were before that the market will sit around here I would I thought that will fit a little bit around least two levels and as did Monday and had it grow because had news-post trillion dollar which I was telling you the good news and you can see it went up and I left that little level remember to because I said I had a good trade roundly Syria and that's why I decided to leave this level because i had i thought that it might be also broke australian dollars again support resistant level so and it worked as a resistant level of quality you know it resistant support levels always the tone into each other like it could be for example at least one it could be a like he seek was a resistant before then it turned into support level that's why i usually don't like to call them support resistant level just call them levels so you can see it stopped few times before it's actually broken on friday and also when we had using wednesday when late it's actually tried to break a main level we didn't did break it a bit and come back I didn't trade it australian dollar this week because I chose to trade a hero door and so that's all happened so it went up right now rope this area and so what would you can see again there will be news and yes would expect a possibly maybe it will continue going up right because you can see we have a clear if it is great that level again when I but as we know because I'm saying who a trading need to see what's actually what effects on a small chata can see what happened okay broke it but never know might come back my note and I'm going on now chat again so if you would look the array before I here where I had trade previously it's talked about around the same here you can see that the uptrend stop exactly at the same area that's what it makes feeling that it probably is going to create something around this area and again it looks like it might be again a little pennant and which means of course if it will create like a little penance so again you might go up continue the trend or it might draw so what I would do I will well again depends on how to open the Monday and how it opens on sunday how it will behave Monday of course again it's a long way and also there will be an interest rate Australian door and I believe it's on Tuesday so and i think i will be changing interest rate so as I'm saying if you're going to try to check it out I wouldn't be able to trade australian dollar this week because I wouldn't be it's unsure it's on Tuesday and I would be able to do than to use it I wouldn't be with my computer that's why probably I would think it would be a good maybe good opportunity to trade it because if they are going to change the interest rate then it could be really good move you can see what this is where it stops so obviously I would think that if it's going to open slow on sunday will be slow on Monday then it will be preparing for a interest rate decision so that's based on the previous trade here I would think that it could be my create here a dependent or if I may be flag or horizontal channel blocker to say around this area so for example that's how i would think you might go up just to do it that way which is it's not okay it's not very nice I think I'll just do it it very legal I've level my place where you can see it's about it's the same what goes around there so just leave it like that but I'm saying to see what what is going to look like on an opening will it sit in here if it's not going to sit if it will create whatever like for example might create a pen and so of course might you might have to move it and drew something like this and also maybe it will create something like that you see my my turn my not create my might not stay Iran this level but that's how I see it and that's how I would draw it at that point so watching out for this area and see how it's going to react and also as i'm saying i'm leaving this again because that little level at finn level here dude pin read it it could begin a stopping point for if the market would start to go down my deep but what about 50 peeps is not to vote as i'm saying if the news are going to be a good news then of course it could be a big movement so then it depends as I'm saying is usually look how fast the market moves of course if it moves fast and you see the kindle is causing it to me still moving then of course it's not going to be a stopping point you would expect it okay maybe around this area but I would think it's closing around here so let's see what the gate is around it's about Kosovo was this public nor the polls the user expected to be on the second over so let's see where is it the round here a sec second waltz around this area so possibly could be around this so either levels that could be so it might break it I'm saying depends how how strong the moment would be that news event so let's say we have around second of august and it's about could be about 70-80 keeps those i'm saying if it's a very big movement it could be even more so that would be the next month of jumping of course one way and the other way we have quite a lot of room to go let's go into the daily one and here you can see letter sayin you know about second book somewhere around here it's about the CD and 120 also have this level which is based on the tops previous tops and also could could reach another level of the channel so now we'll have have around 380 up and about 8,500 down so again if you look at the wiggly one you know where that level came from is from this to talk so course if it move up it could be a stopping point around that level two so that's why I'm leaving again everything as it is except this we have to new levels or Australian though that's how I would do it that's that's what my my thought would be so you see how a Laguna are going to behave and I'm saying we would create and there could be could be trades but unfortunately one second that would be able to do it so I'm going to do a year now and also you can see the previous week I was still a new identity go in and in touch it I it was a good move but I was saying to you that was the previous week and the last week when I was before the market open i was telling you that it it looked like we didn't I wasn't sure if it stopped the moving up will be reaching this level more because what I was saying to you is it looked like it went up a little bit and it was considered dating around this area that was I was concerned about and I was saying if you will be trying to trade your duel again then you should have look around the Syria because it was kind of conciliating stopping doesn't look like it was continuing going up so and they go go on a daily chart I remember I was telling you that of course this level could be just so if we think okay it was finished which he did it's confirmed Monday that the moment was finished then it could have been shown this way and when we would have been on a smaller child who put the firm you can see its scope and Mundi it was very slow he didn't go any more high so that that's how could women trade just using this consolidation and trying to catch this movement which was about 150 peeps was a good movement so it could have been a good trade and after that you can see it went up and then come down and is remember they were in use for dhulian I was telling you also had some movements and quite up and downs and well I just stayed away from this because I knew about all these news and I decided I level to stay away right so I'm going back on the for our chat so what what's happening now is we can see it move down and it's contained stop right here so what I would think is going to do we will continue down or is it stop its moon so now that is like very tricky as you can see if stopped here and the level is not here would but previously let's go on daily one will be visible more you can see previously the levels were around here so that's what I'm saying it's kind a little bit treaty for fading right now for me let's say because I'm saying my favorite really space you door and before you in here as it stopped around here so now i would think possibly could be it might be will be a review of snapple fear from correction but because that these levels could be changed and this time market peaked at laptops and not tops then maybe possibly will continue going down maybe that level who dis topping or it would go around this this area that's what you see my goal he might stop around here or we might even golden tour and stop around here run this level and we also had a wing case with my goalie with daughter and that's what for me right now it's kind of a bit uncertainty I mean if you go on the pullout chart you can see that it does look like a little bit 04 likelihood up again had a little shoulder here and the head and i love the shoulder and is forced it moved around here you can see like it pull the shoulder movements and now it's it's come back ever again around the shoulder here it didn't go up didnt broke it and continue its way so that means it might continue and finish the pardon then if it would finish the pattern around this area than that means it worked topher play the part part in both of itself though so obviously for wine trade and probably you already placed your hopes of course like a poodle lawsuits already enough movements here and again i'm saying what my how the market opens on Monday who knows and on Sunday and continues Amanda might be gap maybe it will jump a bit more down and then consolidate and wait for the news so I think well I was thinking to leave it this way but i do really think i'm going to leave it whew and it would cry i would just leave it this way at that point even though I'm not trading it and I'm probably not going to trader this week but that's how i would think i'll just keep it this keep it this way and as I'm saying what I think more what my thought would leads it's going to slow down around Iran me serious anyway even if it will break it a little bit maybe we'll come back again to run the serial something so if it will let say break it and seeds would sit around here bit more then I would move this level slower and then I would correct using these bottoms that's what how I would do it but is I'm saying because the movement has already happened there are no patents at this moment and if we could go in one hour chart also you can see them create anything here so it does look like okay maybe it will correct a little bit and continues to to finish that main big pardon maybe that's what it could happen that's what I see that's how i see so that's why I wouldn't do I wouldn't do anything around here right now the brady movement to happen things I'm saying at this moment I see that big button let's head and shoulders is to walk in is trying to finish it unless I'm saying it's it's actually going to stop here and would probably have a little consideration before in the post non-farm payroll you should be also a movement moving I should move it next week okay also you need to check again if there will be any major I'm sure it's no made news but still just changes in case for any Japan news on economic calendar okay go to doooo Canadian and once again go Canadian I draw that level as you can see which one hour chart and I said I'll have a keep an eye on it and the market moved and you can see it's actually did break around the level i had if you have these bottoms i said to you that we need to see what's going to happen on monday my perfect scenario was i was telling you if when it stopped around here i thought it would be really really nice if it would consider date around this area but just create some consolidation here but what they did it move the bit higher and it's created some some kind of slow is slow it down a little bit hard and I expected it that's why I decided multi-touch though a Canadian this week's like okay I thought if it will create something around the same way that would believe good strong before me so I thought I would trade but because it went up a little too tired I thought I just leave it is jess and obviously it was waiting for some usages have some movements and but the main movements happened on Thursday and Friday you can see but it was a level also input level and the movements will happen this is expected except as I said for the best one I would recoil to create a little bit more consideration around this level not that high so it was little bit too high but at this moment so what is done you can see it broke and now it's going down and it looks like trying to go back into a previous period as you can see was sitting in here for a while before and after that big movement up went down and what I would think it might continue around this area okay so let's go back to one hour chart and so you can see also it's creating like a little also little pop maybe it's very open and put created here but you can see like the main movement is already happen so if for example try to go into trade to see if you're going to create anything down there on a small chart for example this is creating something here before it will be creating a smoke pardon around here we have who do have here about 100 pips down and the other way it's around 60 could be loaded twice it's roughly again it sends a little bit kind in the middle so might create some button which is would again in the best behavior if that means it would continually don't trend or even know it's not always working hundred to send right so it might go the other way so that would be that would be Michael to do what to look like so I'm going to take out this level because I don't need it anymore it's already walked out itself and now just what I'm saying is probably going to concentrate around this levels again so I had it when top of it but it's all come back inside that again inside this area so when again probably hopefully the news will move it again more so what else is here is could be because it's already broke this level here but it did come back inside but we have a little bit of these tops now so it could be possibly that it's a kind of like an uptrend around inside this big channel it could be so depends here how it how it will behave itself it will go all the way down and I'm saying it so it could be possibly creating something wrong they say retry integrated at next news for something important will be coming out or if not if it will go back then as possibly it's in that little option channel so it could be something like this i mean i could leave this but if I would look how fridays and i don't think it's a little bit too far and now it's about 200 tips so but when we use come out you didn't know that he can happen i can move that hard so i have that level see it's better you can still have these tops so again what do i need this for at this moment I needed for the course if is I'm saying if the market will turn around and you break that area then now that would be another token level or resistant level say for the market it will start to miss up so probably just going to leave this yes there is one of the amount of the rebels again I'm going to make it turn that one's going to make it that pin because I would still think it should concentrate around here without i would think there's more I'm saying is I started to slow down and is creating by the local it might create like a little part in trauma Sierra so this is dull Canadian Press all my thoughts about it so now i'm going to your little bump and you're bound again I didn't wanna do anything because he did look like it's not really trying to move much obviously the post poem doesn't really want to go anywhere and do was kind of very slow so you're found itself is you can see as I thought it will be slow and it was for this week the only one thing now because you can see it broke that we had a Down trend channel its kind of go quick so I'll probably remove these levels now and I will put you on down here so that's what it looks like it's going a little bit slowly is going in a small up 20 on the concentrating rounds that main level you can see we have a very big uptrend as you can see and now it's creating right around this channel it's creating here a little bit of trying but look what again also trying to create a little part in it so it also looks like a little parent it's a weekly chart it's a very big chart to look at and it does look like here in my create like a little button if you go on a daily one also you can see the top is quite high and invite all depends i'm saying might come out a little bit we could be really tricky if you for example to go round here to the main next level is about 285 keeps so you might go to and stop roundly stop so it's about hundred tips and but this is what motor down to this moment next week is again it might just sit in here for a while and I'm saying there will be some useful pound so could be some movements and it could affect leave a pound of this is so that's all you need to keep an eye on I would keep an eye on just in case it for lucrative you wanted to trade it so that could be some movements but you can see all all week it just not even what about 30 tips probably movements you have okay it's about 60 now have about 40 up and again its various very small movements but again so for me was not water tightness are just it's not not really I didn't see any like let's say a good opportunities for trading it so because so obviously might move very slowly can see why he could be not enough no boot leave a little bit here and just to see how it go and open but this moment it just moves moving their slow like mutual let's say but leave a little bit slight up uptrend face light up and so moving around this level ok and now we're going to golden door and there's a vas a nose testing goal because I've been traded before and so we had a previous week I had I didn't have this level I put it okay i'm going to remove this because that's what it looked like from the previous week i only had this red levels and also this blue down trend channel you can see it's here and when I told you that the gold react quite quite well on medical news and you can see that on Monday and Tuesday it's created just it stayed around the levels were expected to stay between the down trend channel and also this red level so what I did just throw it like i usually do i draw a level based on these bottoms and that's all so it was either market would break that level and growing up or to break that level in you go down so is usual time saying just two old strategies are the same train i'm trying the same strategies on gold of course if a little bit bigger distances not for like a year ago or not the small one today with you before peugeot because I does move a lot and so what was not very nice involved so if you look here I'm going to get him in chat with bear to see it did break nice to that level and it went up but he sees about seven 773 peeps and then it slowed down before the news and on news event it so I made a good profit on the testing condom saying testing I made a little profit on that movement but when the news happened again that spike is it did make a loss you're using my new strategy so my divorce because despite but when it turned around he took me into the other trade yes I'm saying because I'm usually I'm always put both directions orders because I never know exactly where it's going i'm saying it doesn't need to know exactly where gold is lomotil going enough and even with this situation when you make yours on mon trade when it takes you into other trade it covers the horses and also making profit so that's how I trade it and that's exactly what it did it had a good movies like 140 130 something tips so it covered the losses and also my coffee and that's how it worked out so as I'm saying that's what the summer mom's happened to news by often this lease wings as what happens market moves one direction post and then move move direction to the other way so and that's exactly how he did the same here doll and get the same if go so and you can see again that level when the market moves very fast you just forget about this level just wait where he's going next and then I slow down again that level was already a support when it went down and stopped around it so you see it was quite important in stone levels because it did stop around it didn't it tried to break it but it did until you come back and you continued its continued move it up move up so what what's now with gold what I see what's going to happen with of course there will be the unknown pompeo and I will begin testing and trying to trade it let's see then I'm gonna see again how it's gonna work out at this point it's a four-hour chart and as I'm saying looks like it will a big shots I give a little bit better view it and here I can see that who could he possibly so head and move up and it slowed down and one went up again if let's say if it will not create anything around here again any patents like paying them to something and looks like it might be a part of the diamond button that's what I see it would be a diamond button and that's what I'm going to do right now so I'm gonna use these levels as I'm saying it's a it could be useful or to see how it's going to behave during the week before there will be some other news for us doll of it is insane possibly keep an eye on it and until you check it out check to come on the calendar make notes but the main one I waiting for it to post non-farm payroll and let's see how it how it going to be here so you can see this is what I see at that point that it looks like I'm not doing it very nice I'm doing it like this because it is you know the diamond part was going to happen that market should go down then it should come back up again around this area maybe and plus I'm saying I mean right now I can't really do it properly because I'm saying it does look like it's a little pot oh so it might go a little bit higher maybe maybe it will stop so for example let's say I will take the device but and that's how I'm going to draw but of course is I'm saying I'm going to just you can see was it really a part itself that roughly their fourth is gonna look like so possibly is I'm saying he might do something around here so i would i would just use this for now but I would presume it could be something like this movie that's what that's what I can see right now is insane we're going to have a look what's going to happen so but as I'm saying it would need to be a little bit of adjustment opposes right now it's not very nice and of course it might not be immaculate it's for our chat again remember you see on the 4-hour chart quite clear if change here you can see what is what i'm using these tops and it could be just the depends of how it going on behave opening the markets Monday and other days if any other user Gwen affected to motive deform on-farm might might sit around here so let's just let's see what would do have to have particular station and so that like quite small at this moment so it would be I first Boston Post overstand courses i'm saying needs to be opening and to adjust a little bit because might believe the lord of the car flowery into these flowers so I can be higher it's a long way week so it might come out before before non-pom might react and something else but that's how it stopped at this moment at this point so as I'm saying but it's possible because it's its end of the week and we have a beginning of the week and I'm saying the major ones William friday so it could be of course that mainly to create another button and then might continue going up then in gonna walk of course I'm not going to use it then but otherwise it can go down go down go inside round it or maybe to continue something else around here and we can adjust them so what is going to give us slip on the full chat then you would be little bit teaches so if we will get Justin and depends for example let's say it looks like this and so it will be breaking at some point so others will be expecting for example it will go down it's about 200 feet so that's what they will this kind of course it plus minus a peculiar the trial a bit low depends house phone and you can see it from the previous look how come I to move like thousand tips movement would be cyclic movements you can see but our toast thing would be of course it is that patent about 250 minutes or I'm saying it's not always moved well the rules tails so would be the other way about the same you see that one is a if you draw the levels throw that and you would know a little bit of the scope and you see it's about 200 total oops so as I'm saying again so that pattern could be I could be that will be broken during the week or it might be slowing down creating something before friday just need to keep an i love this is what i see this moment that's for to me and how I see so on okay we're going to do the top is besito technology here otherwise otherwise in daily chart you can see it still ignore the uptrend so this moment is still enough trend is going in something if it will continue going up we have will have all those levels which I'm going to leave as it is I'm not going to move not going to change these levels the only i think i might just remove this one sense that we don't need that anymore i'm gonna remove that and no one I think I'm going to leave this just because it's more clear to see where that movement that you see from where it started went up and then start to create possibly party here and so we will know a distance except completely understandable yeah it's completely understandable anyway yeah so I'll probably like this is I'm saying if it's a button we can adjust and use it if it's snow and went up consolidated went up over consolidate a little bit and then it might go up so that's that's the ovary ation we've got it go so that's how we can go through it this week is how I'm going to look at it okay um that's all for now guys if you liked it and you don't want to miss a new video don't forget to subscribe and I'll see you next week and happy trading bye