TV

Video: Opportunities Across the Board with Multiple Big News Events this Week!

Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

As a trader, there are two ways to look at the big news events on the economic calendar: either you’re afraid of the uncertainty, or you embrace it and find a way to make use of it.

If you’re in fear, avoid the idea altogether and come back another day. There’ll always be another opportunity.

If you’re not, consider combining multiple factors to cement your idea to line up with the event/s. That is: the higher timeframe direction, cheap/expensive areas to watch for, and clear shifts in price action on news timing.

The most significant events of all are the major Central Banks’ announcements, of which this week there are several to pay attention to.

They are:

  • JPY – Rate announcement
  • USD – Rate announcement & FOMC
  • GBP – Rate announcement
  • USD – NFP

Therefore, any pair you have on your shortlist will more-likely-than-not, have some kind of volatility.

Consider that, before the news, whether it’s a Forex chart or Indices, you maybe have some unpredictable price action, as the markets prepare for their moves. Adjust your plan accordingly.

This week, we don’t have any JPY pairs on the shortlist (because of the unclear movements in the Yen overall), but we do have GBP and USD.

In addition to the above, here are some more factors to take into account for your risk management:

  • It’s a new month, which brings with it new Monthly candles to consider
  • We have 3 pairs with the Euro, all with a weighting towards buying strength. That means you don’t want to be buying all of them, because a loss in one EUR market means a likely loss in another EUR chart.
  • The day of the big news event, as well as the day before, are statistically the riskiest times to enter.

Whatever happens this week: If in doubt, stay out. Remain consistent by sticking to the clean and clear ideas.

In this video we go over these opportunities for the week:

  • GBP/USD
  • USD/CAD
  • EUR/CAD
  • EUR/GBP
  • EUR/NZD
  • SP500
  • AUD/NZD

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the associated risk.)

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Newsletter

Subscribe to ForexPropNews Trading Newsletters

Receive the best-curated content by our editors for the week ahead.

Mini Charts

Related Articles

TV

Video: Here’s the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow

Here's the Trade Plan for EUR Pairs, as ECB Interest Rate is...

TV

Video: Watch These Setups on CAD and JPY Pairs, with Big News Incoming

Watch These Setups on CAD and JPY Pairs, with Big News Incoming

TV

Video: How to Skyrocket Your Profits from *One* Trade Setup (Plus: This Week’s Trade Results)

How To Squeeze More Profits from ONE Trade Setup (Plus: This Week's...

TV

Video: Watch for These Breakouts on Minor Pairs & Dollar Direction Imminent

Watch for These Moves on Minor Pairs & Dollar Direction Imminent

Featured educational content

EXPLORE MORE

Featured educational content

New to Forex? Learn to Read Charts Like a Pro

Dive into forex trading basics: chart reading, candlesticks, technical indicators, timeframes, currency pairs. Start your journey to trading success today!

Video: How I Re-Programmed My Mind to be a Consistent Trader (Thanks to The Wolf of Wall Street)

How I Re-Programmed My Mind to be a Killer Trader (Thanks to The Wolf of Wall Street)

Video: This Invisible Trading Indicator Tells you What Day Trade (Not Just Price)

This Invisible Trading Indicator Tells you WHEN to Trade (Not Just Where)

Technical Analysis: Chart Patterns and Indicators for Profitable Investments

Navigate stocks with confidence using chart patterns like Head and Shoulders, indicators such as MACD, and tools like trendlines. Master technical analysis for...

Latest News

Asian Stock Plummet as Nikkei Leads with 3% Drop
Market News

Asian Stock Plunge as Nikkei Leads with 3% Drop

Asian markets fell sharply, led by Japan's Nikkei, which dropped 3.14%. U.S. tech stocks also suffered significant declines.

Asia-Pacific Markets Dip on Tech Earnings and Economic Data
Market News

Asia-Pacific Markets Dip on Tech Earnings and Economic Data

Asian markets fell as U.S. tech earnings disappointed. The Nikkei dropped 1.27%, Hang Seng down 0.83%, and EV stocks fell.

Copyright © 2023 Forex Prop News. All Rights Reserved.