{"id":217809,"date":"2021-11-08T05:53:00","date_gmt":"2021-11-08T05:53:00","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=217809"},"modified":"2024-05-24T00:29:30","modified_gmt":"2024-05-23T23:29:30","slug":"weekly-analysis-2","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/weekly-analysis-2\/","title":{"rendered":"Big potential moves and more free resources"},"content":{"rendered":"

Hi everyone,
\nThis week I start by reminding you again that the M2 technical and fundamentals we show and teach will allow you to enter any market, whether it’s stocks, crypto, metals, oil or forex. <\/strong>I show examples of how I recently used my system (no differently than how I analyse the forex market) to analyse the likes of APPLE, TESLA and ETHERIUM …all of which have gone up significantly since then.<\/p>\n

Fundamentally the financial world is still all over the show. The money printing during Covid, and all the ramifications of this, has left most countries clueless as to what exactly to do next. It’s vital that you start educating yourself on the financial world, not only to protect your and your family’s wealth, but also to spot opportunities to build upon it.<\/p>\n

Below you will find the video links and links to the additional resources I mention in this week’s video.<\/strong><\/em><\/p>\n

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Resources and additional videos I mention in my video:<\/h4>\n

1. Link to last Tuesday’s live session<\/a><\/p>\n

2. Here is also the link to my short blog post on Friday, demonstrating why you shouldn’t trade around the news: LINK\u00a0<\/a><\/p>\n

3. Here are the links to the resources I mention in the post. I have personally subscribed to them.<\/p>\n

https:\/\/corporate.nordea.com\/article\/69062\/fomc-review-taper-time-as-the-fed-lowers-confidence-in-the-transitory-narrative<\/a><\/p>\n

https:\/\/corporate.nordea.com\/article\/69165\/week-ahead-the-fed-has-no-clue-what-it-will-do-in-2022<\/a><\/p>\n

++++++++<\/p>\n

Trade for clients & receive a substantial profit share<\/strong><\/p>\n

If you want to receive a substantial profit share you only need to make 3 to 5% per month. You can find a copy of the brochure here: Trade for Clients<\/a><\/p>\n

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The live training session: Here is a link to register for this week\u2019s live training session which takes place on Tuesday 9th November at 11.00am London time (BST\/GMT+1).<\/i><\/b><\/p>\n

https:\/\/zoom.us\/<\/a><\/p>\n

Then we can have a more detailed, up-to-the-minute look at what\u2019s happening and potential trades for the rest of the week.<\/b><\/p>\n

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The Forex week ahead:<\/strong><\/h4>\n

Fairly light in terms of news this week but some big news for the US on Tuesday and Wednesday. Also watch out for the AUD employment\/unemployment news on Wednesday.<\/p>\n

Remember when I do my analysis on the weekend I start by looking at the higher time frame structure<\/strong>…is price going sideways, up, or is it going down?<\/p>\n


\nMAJORS<\/strong><\/h4>\n

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EUR\/USD:\u00a0 Keeps bouncing off the daily 55ema. I might look at having two stops for this one. One aggressive, one a little more conservative. I’m looking to short at around the 1.1600 area.<\/p>\n

GBP\/USD:\u00a0 First place I’d start looking for a short is 136.00. What I will do this week is go down to the 4 hour chart to see whether there are better entries. See the video for more detail.<\/p>\n

AUD\/USD: Still too messy for me. Needs to make its mind up. Either break higher, or break lower.<\/p>\n

USD\/JPY: “A” grade for me is still 110.30 to long. Looks unlikely now but its the best risk\/reward. You could watch\u00a0 111.60 ,112.60, 112.00 intraday on smaller time frames- see the video.<\/p>\n

USD\/CAD: Looking to short this pair. Entry at the 1.2400 area. If that fails I’d be looking to short from 1.2630<\/p>\n

USD\/CHF: Not the greatest setup as the risk\/reward is an issue but you could start looking for shorts at the 0.9165 area.\u00a0 Don’t be greedy with this pair.<\/p>\n

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CROSSES<\/strong><\/h4>\n

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AUD\/NZD:\u00a0 Looking for price to pullback to 1.0550 to short (be careful with the AUD red flag news this week).<\/p>\n

EUR\/GBP: I’m looking to split my entry with this one. First entry at 0.8690 and my second at 0.8640<\/p>\n

EUR\/NZD:\u00a0 I’d like a pullback to 1.6833 in order to short. Big potential risk\/reward with this setup.<\/p>\n

GBP\/CAD:\u00a0 Patiently waiting with this one. I am looking to short at 1.7190 for multiple reasons. Target 1.6920<\/p>\n

EUR\/JPY: Break of major trendline recently. 129.00 is the area I’d start looking at to long.<\/p>\n

AUD\/JPY: I want to long this pair. 81.00 is the “A” grade long for me.\u00a0 83.00 does, however, look interesting on a weekly.<\/p>\n

EUR\/CAD: Anywhere around 1.4600 I’d be looking to short. Potential 300 pip move.<\/p>\n


\nAs always, remember correlation!<\/strong><\/em><\/p>\n

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M3 -Shorter timeframes.<\/strong><\/p>\n

See the new course & recent blog posts as to how I do this: I do my analysis on daily and weekly charts first and make a note of the MAJOR areas of support and resistance. Then copy them onto Pierre\u2019s Earth and sky template. Then I make a note of the weekly & monthly pivots points and add them to the charts. You will see lots of opportunities line up during the week. The important thing then is to select a bias for the next few days and do NOT take trades if the price is too near a trend line or pivot. Ideally, you want to buy when the price is near a major support and or pivot point line and has the potential to make at least 40 pips. Vice versa for a short.<\/p>\n

New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.<\/p>\n

We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n

For more up to the minute, updates do not forget to drop by the forum. Ashley is back from his travels and there are other senior members who are happy to help.<\/p>\n

Watch the video below for more detailed explanations of this week\u2019s analysis and trade plan:<\/p>\n

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