TV

Video: High Probability on These Minor Pairs with Mid-Week News Volatility Imminent

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

Click on the video to watch the full breakdown

With news being the major indicator of moves, today we focus on these:

  • GBP – BOE Speech
  • CAD – Rate announcement

So far, the market price action is invalidating our ideas and creating new lows/highs without giving us reversals.

What’s the Remedy?

As always, await further candles to print. Mid-week is the action time and an hour or two after the volatility (if it kicks in) will give us clues. Follow the trading plan. The longer we wait, the clearer the scenarios become.

USD Pairs

As we’re two days away from NFP, entering any USD pairs now is risky. NFP can wipe you out and STILL the market can go in your predicted direction (yes it’s happened to me many times). Lower your risk. Next week may be clearer.

My Favourites

Personal choices for this week are:

AUD/CAD: because of the matching strength/weakness biases, the fact it’s not a USD (NFP-affected) pair, and the matching CAD news.
AUD/NZD: also not a USD (NFP-affected) pair, and currently sitting at an extreme cheap area, with higher risk:reward potential.

I won’t be pulling the triggering just yet though… Watch the video for this week’s areas of interest and an update of the trade scenarios.

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

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

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

Contact and follow Dima on Twitter: @dimafpn

Image by Burak The Weekender, on Pexels

(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Your email address will not be published.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

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

US Economic Resilience Boosts Dollar: Unemployment Claims Surprise Markets
Market News

US Economic Resilience Boosts Dollar: Unemployment Claims Surprise Markets

US unemployment claims fall below forecasts, indicating labor market resilience; robust data strengthens the dollar and impacts global currencies and commodities.

Market Focus: Analyzing Gold, EUR/USD, and USD/JPY Trends
Market News

Market Focus: Analyzing Gold, EUR/USD, and USD/JPY Trends

Gold dropped, EUR/USD declined, and USD/JPY rose, prompting scrutiny of technical indicators for future trends.

Copyright © 2023 Forex Prop News. All Rights Reserved.