{"id":217855,"date":"2022-01-11T11:58:30","date_gmt":"2022-01-11T11:58:30","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=217855"},"modified":"2024-05-22T23:53:59","modified_gmt":"2024-05-22T22:53:59","slug":"forex-setups-for-2022","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/forex-setups-for-2022\/","title":{"rendered":"Forex Setups for 2022"},"content":{"rendered":"

Hi everyone, This week I focus on the Forex setups in 2022 and how you can ‘build a picture’<\/em> in order to simplify your trading. Too many people over complicate their trading, to their own detriment, where a simpler approach could achieve improved results. I will still not be trading this week as I’m waiting for the ‘traditional’ start of the year’s trading, which is after Martin Luther King day on the 17th of January, but it is a great time of year to get your biases in order for the various pairs that you trade in 2022. Re-evaluating your biases at the start of each month is a great habit to get into!<\/strong><\/p>\n

Forex 2022<\/strong><\/h2>\n

Inflation is still very much at the forefront of economies around the world and in one of last week’s big news events, the FOMC meeting, the US stated that they will be cutting down on tapering i.e. stop printing as much money…….we shall see. This brought down most other markets, including equities and crypto as the ‘cheap’ money is seen as a major reason a lot of markets are at record high levels.<\/p>\n

Canada released positive news as their job report came out better than expected and reportedly they are now back to pre covid levels. This is obviously very good for the Canadian economy and definitely something to consider when looking at your charts.<\/p>\n

For the week ahead, there is big inflation news from the US with the CPI and PPI figures. How on earth are they going to tackle the rapidly rising inflation?<\/p>\n

Some resources for everyone to take into the new year \ud83d\ude42\u00a0<\/strong><\/h3>\n

Link to Reuters: LINK<\/a><\/p>\n

Link to Zerohedge: LINK<\/a><\/p>\n

Link to Scotiabank: LINK<\/a><\/p>\n

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Good luck for the week!<\/p>\n

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

Trade for clients & receive a substantial profit share<\/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:
\nTrade for Clients<\/a><\/p>\n

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

MAJORS<\/strong><\/h3>\n

Forex Setups for 2022<\/p>\n

EUR\/USD:\u00a0 BIG area for this pair is 1.1600 for a short. (See video for my detailed thought process).<\/p>\n

GBP\/USD: Too messy for me at the moment, better setups elsewhere.<\/p>\n

AUD\/USD: S<\/em>hort from 0.7275<\/p>\n

NZD\/USD: I’d like to short from 0.6850<\/p>\n

USD\/JPY:\u00a0 M2 long at 112.20. Intraday I’d consider a long from 114.00<\/p>\n

USD\/CAD:\u00a0 128.20 is the major area to consider a short from (see video)<\/p>\n

USD\/CHF: Big area to consider a short form is 0.9400<\/p>\n

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

Forex Setups for 2022<\/p>\n

EUR\/GBP:\u00a0 Looking for shorts. First area I’m looking at is from around 0.8550<\/p>\n

GBP\/CAD:\u00a0 Too messy for me at the moment<\/p>\n

AUD\/JPY: Not for me at the moment.<\/p>\n

EUR\/CAD:\u00a0 Area I’d like to short from is 1.4640<\/p>\n

GBP\/AUD: Longs from 1.8600<\/p>\n

AUD\/CAD: 0.9240 is where I’d like to short from.<\/p>\n

CAD\/JPY: Longs from 87.00<\/p>\n

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

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M3 -Shorter timeframes.<\/strong><\/h5>\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

If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/p>\n

\"\"<\/a><\/p>\n

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