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Video: How to Capture the Low of the Week & What To Do When You Miss Out

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

Click on the video to watch the full breakdown

Let’s begin with this useful trading concept: When you have a clear bias for the week, the low/high of the new week will most likely form on a Tuesday, unless the News hits on Wednesday, in which case wait till then.

Look at this week’s charts from our shortlist and you’ll see that the major reversals and/or price action happened today – a Tuesday.

You can see that EUR/GBP hasn’t made its move yet. Neither has Crude Oil. Why? Because both are ‘waiting’ for the news release tomorrow.

It’s not just a case of knowing where to enter, but also when.

So now, you know how to plan your trade idea…

Once you see a shift in the market, price action is with momentum, major structures to the left have been broken, you can look to the next likely scenario – i.e. the next likely swing that will develop, to capture the continuation move. Once that one is ‘set in’, then look to the next, and so on, until you reach the planned target.

This is what we do here, week in week out… No matter the asset.

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

  • WTI Crude Oil
  • NZD/JPY
  • GBP/JPY
  • EUR/AUD
  • GBP/CHF
  • NZD/CAD
  • AUD/NZD
  • EUR/GBP

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.)

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