TV

Video: Fed Speech Preparation – Anticipate These Technical Scenarios for USD Pairs

Thursday update and analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

Of the list of major news events and releases to watch out for, the speeches given by Fed Chair Powell, is one of them. And today he’s up on his podium again to give his rhetoric to the world.

God knows what his mouth will utter…

Regardless of the outcome, the bias and scenarios are prepared. USD remains bullish and therefore, whichever USD-based chart/market you’re looking at, the higher probability idea remains in line with that.

Once that part is outlined, match the technicals with the timing of the news, and you have a confluence of factors.

Your invalidation/Stoploss points should give you the sign that you’re wrong and the market has changed its character. Until then, sitting on the sidelines and watching price makes sense. Let the news play out, even for an hour or so.

The higher the timeframe, the bigger the clue. So, what that means is, if after the news H4 or Daily candles close in a particular direction, you have a sign the market has taken its ‘set’ so to speak. The ‘greater force’ behind the real direction becomes clearer.

Use all the above, together with your entry methods, to form your own scenarios.

As for the rest, there’s not much to say today about the other charts on our shortlist, because those minor pairs have already made their move. It’s riskier – read Lower Probability – if one was to enter them again. So, from this point, only the very lower timeframes are viable.

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

  • EUR/USD
  • USD/CAD
  • USD/JPY
  • CHF/JPY
  • EUR/GBP
  • EUR/NZD
  • GBP/CHF

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Your email address will not be published.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

Fidelcrest video review

Play Video

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

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.