Forex: Weekly Market Predictions (1/2/18-1/5/18) Learn Price Action Trading

"we could see a push down from the one point 206 other level just as we have in the past as you can see the market pushing down quite dramatically from that level before so it's quite possible that we could see a pushdown from this level"

"what if we end up getting a little break above well if that's the case we have a long ways to go we have a nice opportunity to take some long trades all the way up to one point two three even round one point two two nine nine or one point two three even as the next place we'll be taking a look at for shorting opportunities at that point"

"if the market pulls back down this level in here seems to have been respected multiple times as you can see resistance support support resistance consolidation in the area resistance again and then the market broke above it well now that since that's the case we can look really around this resistance level all the way from there down to the one point one eight four five level this is a pretty big zone but this is really where the market could turn around and go back up if we get a pullback here"

"if we break through that zone we have a little small ways down until our next support level which is actually gonna have to be moved up a little bit the support level now is gonna come up to the wicks of these candles making it around one point one seven one four here on the Eurodollar so if we get that pushed down we were talking about one point one seven one four the next level will be paying attention to for long opportunities on the Eurodollar"

"we're gonna be paying attention on lower timeframes to see if we can get a shorting opportunity from this level yes it will be counter-trend especially on lower timeframes so that's something you want to look out for and pay attention to but we are at a major level of structure on this pair that has been resistance in the past so that's exactly what we're looking at here on the euro dollar"

"just like on the euro dollar we're gonna be paying attention to this level around one point three five nine seven as a possible level of resistance something we also have to do just like on the euro dollar pair has turned this one point three four four one level into support"

"and below that for support we have the one point three three all the way down to one point three - this is owned of consolidation we've been paid since - over the past few weeks for support we actually had a pretty good trade off up right back in here and those levels guys are pretty far away so probably not going to do that throughout the first week here in 2018"

"but something we could possibly see is a trade off of this resistance level that could push the market down and also we have the opportunity to look out for some kind of break out of this level as well where the market pushes up above this level and gives us some long opportunities all the way up to the one point three eight five three level which is gonna be the next level of resistance"

"we could see that much of a move within this week"

"if we're day trading so that's another thing we can look out for in the immediate future below that level if the market does break below that possible level of support at around 111 point seven nine then we can look again here at the 111 even handle as a possible level of support and below that at 110 0.47"

"as a new resistance level we're actually going to be paying attention right around in here at the 113 5 and this is actually a level of resistance that we have paid attention to before in the past and we were also gonna wait for the 113 even handle"

"if the market gets up here we have a really high likelihood that the markets gonna respect the 114 0.23 area well between 114 even in 114 0.23 again that is the big zone that we'll be paying attention to most definitely if the market reaches it"

"we could possibly see this level act as resistance and push the market down so we'll be waiting on the close of this candle to figure out what we really want to do at this point on the dollar Swiss what we'll be looking for is if this market can push back up close that candle above zero point nine seven four zero then we'll be looking at this level as support and looking to take long opportunities off of this level"

"if we close down here below the zero point nine seven for our level then we'll be looking for this market to rally back up into that level for resistance and push the market down"

"if this market continued to push down well if we continue to push down then the next level we'll be looking at for support is gonna be around zero point nine six three three"

"we'll be waiting for the zero point nine eight or nine level before we look for any type of shorting opportunity out of this pair"

"after that we'll be looking up here at zero point nine nine four five this area the text of this resistance in support in the past as another possible area for resistance out of the dollar Swiss"

"this market could see resistance as a zero point seven eight one nine area if we do get some resistance out this area will be a counter trend trade with this big impulsive move up as I said we did reverse trade and what's important to remember about counter trend trades is we're not looking for this area to just push the market all the way back down to this previous support level what we would be looking for is some type of small move here on daily chart that we can take advantage of on a smaller time frame from here and possibly get some good profits on a smaller time frame with minimal risk"

"if we go above zero point seven eight one nine we could possibly look for long opportunities all the way up to zero point seven eight nine three somewhere around the zero point seven nine even handle is the next level of resistance"

"and if we do get that pushed down we could possibly see from the zero point seven eight one nine area we can look for shorting opportunities all the way down to zero point seven seven three Oh that'll be the first level of support we look for unless we can get some type of different entry reason compete considering this markets been in such a strong up move we may not make it all the way back down to this level on a pullback we may see something like this and then the market continue upwards"

"but as for major levels of support we are looking around the 0.77 3oh area below that we'll be looking around the zero point seven six five three area for major support here on all of you dollar"