This Is The #1 Way You Must Start EVERY Trading Day

"so on the dollar yen the reason I'm looking for possible short trades here is because we broke a major level of support we have a level here that's been tested as support and resistance many times in the past so in this specific case we have a possible reversal because we have our one two three move possible reversal situation and we have a level of structure that's been tested multiple times the market just broke below because of that this level this area is that level that I'm gonna be looking for possible reversals out of I'll be looking for trading opportunities out of this area to the downside on lower timeframes"

"the reason is because what trends are we in ask ourselves the same questions market came down put in this double bottom we broke through a resistance level here we pulled back pretty heavily and then we started this one two three four five six move if we have more than a one pullback being a to the next leg being a three once we break that that's when I classify this as actually being in an uptrend so what I was talking about that hasn't happened yet on the Eurodollar where it has happened here on the Aussie dollar so now I'm ready to start looking at that most previous level of resistance for a possible long trade so for that reason this week on the Aussie dollar this is going to be an area that I'd look for possible long trades out of on lower timeframes the area between 0.6929 and 0.6907"

"we then have another pullback and break of a new high because of that we are in an uptrend here on the pound dollar according to my rules since we're in an uptrend an area that I would be looking for trading opportunities in is this previous level of resistance right in this area you can see that the market already came down to that area"

"if I can tell you something that's a little more complicated and hopefully not confused you I hope this doesn't confuse any beginners but right now I do have a lone bias on the pound/dollar reason being because we're in an uptrend here on the daily chart because of that something I would do is go down to a 4-hour chart or a one-hour chart and wait for this market to start trending on this currency I mean on this timeframe excuse me once we break this high on the 4-hour chart we're back in an uptrend on this on this pair we're back in an uptrend on the 4-hour and I can start looking for possible long trades here so that's just an example of taking the daily timeframe bias and using it down on lower timeframes which is something I may do in the future here on the pound dollar"

"this would be an area I would look at four possible shorting opportunities if the market does something like this reason being is because it's the next or last most previous level of structure support that was broken and it's also a level that's been tested multiple times in the past with those two factors in place this area between 0.977 and 0.980 will be an area I look for possible shorting opportunities throughout this week"

"our next counter trend zone will be between zero point nine five eight three and zero point nine five four which isn't something I expect this market to hit this week"

"I will grab a picture of our counter trend zone because that could happen this week and if we get a push up to our counter transit zone this week of course it is going to be an area I look for short trades considering our trend is up and a counter trend trade would be a short trade so in that areas where I'll be looking for possible shorting opportunities based on a couple of different entry reasons we have in that zone"

"if we get down again like I said this week to this area it is an area I'll look for possible short team opportunities we do have a possible level of resistance as well back here for a trend continuation play the markets already kissed this level too but if we get back up to this red zone I'm about to draw in right here then this will be an area I look for possible short trades this area hits between one point four five six one and one point four five three five in that area I'll look for possible shorting opportunities for trend continuation here under the Euro Canada"

"in this case the reason that we're looking in this zone for shorting trades this week is because this market is predominantly in a downtrend we have all these little moves down huge moves down small pull backs and then we get a pull back up to what is this right here it is the most previously broken level of structure support"

"and the answer is yes we have another area of support right there where the market used this level we have some resistance looking left back through here so because of that that gives me added confirmation that this is a level I want to pay attention to for possible shorting trades"