MY PERSONAL TECHNICAL ANALYSIS PROCESS

"so only euro dollar what we're expecting to see is either this market push up into 1.1793 and give us some kind of entry reason from that area to go short and continue in this downtrend or a push down to our counter trend level at 1.1307 and that's where we'll look for possible long opportunities here out of this pair"

"and 3 click that like button for me while the intro and disclaimer roll and I'll see you guys directly after alright guys so like we said before the intro and disclaimer we're gonna do technical analysis on five separate pairs we're gonna talk about where these markets are where they're likely to go and how they're likely to get there based on structure and trends so let's go ahead an get started the five papers we're gonna take a look at start with the euro dollar as per usual and here on the euro dollar we have to ask ourselves two different questions each and every time we're about to place a trade based on our higher time frame analysis at least I do this is how I personally do my technical analysis what I ask myself is what trend is this market in and where it's the closest major level of structure two very simple questions and on the euro dollar what trend are we in well we're not really in a trend right we're in a consolidation period with a bias to the downside a short bias the reason we have a short bias it's because this was our previous level of resistance before the break of this support when we got that break of support we now still consider this market in a downtrend until we get a break in close above this high considering that that hasn't happened yet this market is still in a downtrend but we are consolidating meaning that we really don't have a trading opportunity at least until we get back up into this box here or we get all the way down to our blue line at 1.1307 for a counter trend trading opportunity so only euro dollar what we're expecting to see is either this market push up into 1.1793 and give us some kind of entry reason from that area to go short and continue in this downtrend or a push down to our counter trend level at 1.1307 and that's where we'll look for possible long opportunities here out of this pair now there's only one other scenario we can take a look at here on the euro dollar at least for me and that is going to be currently downtrend bias on the daily chart based on the previous trend before this period of consolidation considering that we have that downtrend bias what I like to look for is down on my lower timeframes such as the four hour time frame I'll go here and see if we're in a downtrend are we in a downturn on the four hour time frame the answer to that is no we're not in a downtrend on our four hour time frame we were we had this move down another move down another move down creating lower highs and lower lows lower low after that we get a higher high a higher low and we're putting ourselves in what looks to be a reversal scenario pushing the market back up so the only other thing that we're looking for out of this pair that if we continue in this downtrend breaking below structure levels looking left then we can start looking for short trades pushing the market down further because we are at that point going to be in a downtrend on the daily and in a downtrend here on the four hours timeframe so that's the two things we're gonna be taking a look at on the euro dollar for trading possibilities throughout the rest of this week we're gonna go ahead and move on now we'll go back to our daily chart we'll take a look at the pound dollar the pound dollar kind of a similar situation we are currently in this little consolidation period we are in an uptrend on this pair because we did break above our previous level of resistance so we had our up move up move and then finally breaking that resistance level pulling back now we need to see this market either break below this low or break above this high to continue in trend considering we're right up here at these highs there's not really going to be a trading opportunity for us again the only way we're gonna be looking for trading opportunities is if we get up to this level right here which is and in fact a major level of structure so we need to see the market get a little bit higher we have support back here sorry about the green and red lines guys I'm back testing a strategy and I've got a lot of things on this chart but we have support back here we have resistance here and resistance here what does this mean this means that this is a major level structure the market has reacted to multiple times in the past including our resistance level most previously right here would that be in the case what we're looking for is to see if this pound dollar pair can get up to our area of structure right here at around 1.3270 if we get up to 1.3270 with this next little impulsive move that's a place that's a zone we're gonna be looking for possible counter trend opportunities now do I think that this is gonna push the market all the way down not necessarily this counter trend opportunity would more than likely provide a small bounce for a small gain on a lower timeframe so we're looking for that counter trend opportunity at one point three to seven o other than that looking to see if that level gets broken if it does it will turn into support should turn in support excuse me no guarantees in the market but that's a level we'll be looking at for possible support out of the pound dollar if we get a break and close above it now other than that same thing with the euro dollar we're on our daily chart here we're in and up and if we continue to be in an uptrend on a 4-hour chart then we can take a look for possible uptrend strategies as for the pound dollar those are the things we're gonna be looking for let's go ahead and move on now we'll take a look at our next pair the dollar yen on the dollar yen daily chart what are we doing let's ask ourselves the two major questions where's our most recent major level of structure compared to where price action is right now also what trends is this market in trend was although we do have this big impulsive move down that's also probably going to be a downtrend on a 4-hour in one-hour chart that's gonna take away our possibility of taking long trades on those timeframes for now at least for trained continuation but what we can see is that this market is in an uptrend until the breaking closed below our red line here so we have a massive amount of room to the downside before we can really call this being in a downtrend here on the daily chart so with that being the case considering that we are in this uptrend but we do have this big move down right here this big move down and this may get really confusing I'm sorry if it does guys this is just the way I've been trading for the past few years it makes a lot of sense to me and it's very easy for me to understand probably a little too complicated for me to be getting into here on YouTube but I'm gonna do it anyway we have this move down and on a four hour time frame one hour time frame that's gonna create a downtrend we already know that you can go down to smaller timeframes take a look we probably will before we end this video but this next push up would be a trend continuation play on one of those smaller timeframes based on a major level of structure on the daily chart that's a good thing that's a pretty accurate possible trade at least considering the back testing and trading that we've done in the past this area at 112.95 around the 113 even handle it would be a great place for us here at the trading kettle start looking for shorting opportunities down to our next previous level of major structure support which is going to provide a possible support bounce in trend continuation here on the daily timeframe I know that was probably really complicated and confusing but that's what we're looking for here out of the dollar yen we're looking for a smaller timeframe trend continuation to the downside we're looking for counter trend bounces on smaller timeframes that will be trained continuation bounces on the daily timeframe from the level at 1:11 and from the left one tenth that's the three things we're gonna be looking for here out of this pair let's go ahead and move on now and before we do I'll show you guys what I'm talking about when I say that that created a downtrend on a four hour time frame in and lower timeframes here on the four hour you can see that we had our uptrend all the way up into her zone we talked about this zone last week you can check out our previous video to see what how we describe this zone and what we expected from it we expected this move down we didn't know it was gonna cause an entire down trim thumb to be a counter trend bounce but it ended up creating this downtrend now in this downtrend there's really because the daily charts in an uptrend no reason for us to take a train continuation trade from right here let's say but if we can get a move all the way up to this major level of structure at 1:13 this even handled number that can be a possible place to look for the continuation of this little downtrend that we see now and that's what we're talking about when we say on this four hour time frame looking for trend continuation to the downside now zoom back out to the daily chart we'll move on to our next pair which is the Aussie dollar the Aussie dollar is going to be trend continuation all the way here on this pair we have a major downtrend on the daily chart pushing the market down that we've been in for a while here we just broken close below our previous level of structure we do have all the way up to here to create trend continuation to a massive amount of room between our lows here and our has he or all this room is where the market could possibly turn around in trend continuation now that we know that we're in a downtrend that's what we discussed right the two questions we have to ask are we in a downtrend are we in an uptrend are we in consolidation the question the answer to that question is that we are in a downtrend considering the fact that we're in a downtrend what's the closest level of structure to price action that we could use for train continuation 0.7223 so if this market gets up to 0.7223 this week next week that's a place where you're looking for trading continuation to the downside from this daily chart perspective it'll be a counter trend trade at that point probably on 4-hour in one-hour time frames but it's okay to take a counter trend trade for us from these daily levels of structure another possibility is that we get a rally all the way up into 0.7321 another place that we can look for possible trinket deviation here on the daily chart now let's go ahead and move on to our final pair of the video which is to be the dollar Swiss the dollar Swiss has done something that we absolutely expected from last week's video we talked about the 0.9849 level being support we said that this market had broke above that level then we were either expecting this market to get all the way up to our counter trend level after breaking above it and this 1.0 area this little zone I'm drawing in now this is the level we expected the market to reach but we did say in that previous video that we could either go straight up to it or we could get a pullback that pullback more than likely would come into our previous major level of structure at 0.9849 and that then that level could act as support to push the market up to our 1.0 even handle looks like we're seeing the start of that possibly the start of that trend continuation move here on the daily chart they could push the market up to 1.0 so we're looking for long opportunities on this pair on smaller timeframes until we get up to the level of 1.0 even this little zone here starting at 0.998 - and that's what we're gonna be looking for here on the dollar Swiss that's what we're looking at for all the top 5 major pairs that's my take on technical analysis on each of these pairs exactly the analysis that I go through before placing trades hopefully it's been beneficial for your trading if it has make sure you're subscribed here we do analysis like this each and every week to help you improve your trading make sure you click that like button for me also if you're interested in improving your trading and taking your trading really to the next level with an organized course it'll take you step-by-step through not only the technical analysis I do but the rules based strategies that I use each and every day in the markets then we also have a program available called the EAP training program we're constantly working on new material for that course and with the new material that means more work with more work means we are going to see some price increases on that course coming very soon so if you'd like to get involved before those price increases the link is in the description labeled EAP if not that's ok too make sure you keep it locked here on our youtube channel where we provide you guys with as much content as possible as often as possible I wish you the best of luck in all your future trades trade green and I'll talk to you in the next video"

"considering we're right up here at these highs there's not really going to be a trading opportunity for us again the only way we're gonna be looking for trading opportunities is if we get up to this level right here which is and in fact a major level of structure so we need to see the market get a little bit higher we have support back here sorry about the green and red lines guys I'm back testing a strategy and I've got a lot of things on this chart but we have support back here we have resistance here and resistance here what does this mean this means that this is a major level structure the market has reacted to multiple times in the past including our resistance level most previously right here would that be in the case what we're looking for is to see if this pound dollar pair can get up to our area of structure right here at around 1.3270 if we get up to 1.3270 with this next little impulsive move that's a place that's a zone we're gonna be looking for possible counter trend opportunities"

"this next push up would be a trend continuation play on one of those smaller timeframes based on a major level of structure on the daily chart that's a good thing that's a pretty accurate possible trade at least considering the back testing and trading that we've done in the past this area at 112.95 around the 113 even handle it would be a great place for us here at the trading kettle start looking for shorting opportunities down to our next previous level of major structure support which is going to provide a possible support bounce in trend continuation here on the daily timeframe"

"now in this downtrend there's really because the daily charts in an uptrend no reason for us to take a train continuation trade from right here let's say but if we can get a move all the way up to this major level of structure at 1:13 this even handled number that can be a possible place to look for the continuation of this little downtrend that we see now"

"0.7223 so if this market gets up to 0.7223 this week next week that's a place where you're looking for trading continuation to the downside from this daily chart perspective it'll be a counter trend trade at that point probably on 4-hour in one-hour time frames but it's okay to take a counter trend trade for us from these daily levels of structure"

"another possibility is that we get a rally all the way up into 0.7321 another place that we can look for possible trinket deviation here on the daily chart"

"looks like we're seeing the start of that possibly the start of that trend continuation move here on the daily chart they could push the market up to 1.0 so we're looking for long opportunities on this pair on smaller timeframes until we get up to the level of 1.0 even this little zone here starting at 0.998 -"