Video: Don’t Sell the Discounted Dollar Yet – Wait for this Scenario First on EUR & GBP

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

Click on the video to watch the full breakdown

The sharp Dollar selloff from the past couple of weeks has now produced a very tempting situation where you’re probably thinking to:


But don’t be in a rush to FOMO into a setup. Chasing the market is a beginner’s mindset. Let the market come to you.

Before participating, make sure you have a better price to buy/sell from. Just because the market has moved a large number of pips, doesn’t mean it’ll continue to do so. Especially when there are major levels in the way.

And when a major level has been hit, there’s a higher chance the market will create a reversal, rather than a continuation. Plot those levels on the chart. In this week’s video, you can see the example in the EUR/USD. Two scenarios are outlined. Flexibility in thinking, not marrying to one idea too much, is key.

We have an interesting calendar of news this week. The focus is on:

  • USD – the FOMC release
  • CAD – CPI & other releases
  • GBP – because it features multiple times
  • AUD – because it features multiple times

This mix makes things interesting for the Minor pairs on the shortlist too, for this week.

Why? Look at the range-bound price behaviour we’ve had on the charts. That means ‘pressure’ is building and a big move is expected. The longer the market ranges sideways, the more explosive the move is likely to be when it happens.

Just prepare for it so you’re ready when it does happen.

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

  • NAS100

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 risk that goes with it.)

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Your email address will not be published.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

Fidelcrest video review

Play Video

Related Articles


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...


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


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...


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

Watch for These Moves on Minor Pairs & Dollar Direction Imminent

Featured educational content


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

Euro Down EU Inflation
Market News

Euro Weighed Down as EU Inflation Falls Short of Predictions

Euro Area core inflation falls for the 7th straight month, missing forecasts, while EUR/USD tests critical level at 1.0800.

Yen Wage Negotiations ECB Meetings
Market News

Yen and Euro in Focus: Wage Negotiations, ECB Meetings

Japanese yen falters as USD/JPY retreats ahead of wage negotiations; EUR/JPY finds support before ECB meeting next week.

Copyright © 2023 Forex Prop News. All Rights Reserved.