How I'm trading EURUSD THIS WEEK! (EURUSD Market Review 24.05.25) — Transcript

Full transcript

1. 0:00EuroUSD market review 24th of May. Let's
2. 0:04get it. All right, guys. So, today we're
3. 0:06going to be looking at EuroUSD. I know a
4. 0:08lot of you guys trade forex. Let's go
5. 0:09ahead and chop up Euro USUSD and what
6. 0:12I'm expecting for this week going ahead.
7. 0:14So, first off, right off the bat, we're
8. 0:16on a daily time frame and we can blainly
9. 0:18see that price is making expansions
10. 0:20higher, accumulating orders, making
11. 0:22another expansion higher, retracing. I
12. 0:25said this in my last three, four videos.
13. 0:26Now, just trying to get you guys to
14. 0:27understand price is either going to
15. 0:29expand and accumulate or expand and
16. 0:32retrace. In this scenario, it retraced
17. 0:35into our daily fair value gap and now
18. 0:37we're looking to push up again. That
19. 0:39being said, we know the up the trend
20. 0:41right now is an uptrend for Euro USD.
21. 0:43We're looking for bullish opportunities
22. 0:45on Euro USD. The retracement is over
23. 0:47now. When price retraces, it's only
24. 0:49coming back to fill in some kind of
25. 0:51inefficiency, which is this daily fair
26. 0:53value gap. There's inefficiency in
27. 0:55trading here. Lots of buying here. No
28. 0:57sell side offered here. So hence why we
29. 0:59have to come back off a sell side. Now
30. 1:01this place has been evenly traded and
31. 1:03now we can continue about the rise. So
32. 1:05the first thing you have to remember is
33. 1:07price is drawn towards the money. So you
34. 1:09have to ask yourself where is the money.
35. 1:12Let's go ahead and identify where the
36. 1:14money is first and then we can look
37. 1:15about some kind of entries for this
38. 1:18week. We have this week's high. I think
39. 1:20this was the week before last I believe
40. 1:22or two weeks ago. There's going to be
41. 1:24money up here. Money in the form of buy
42. 1:26stops. There's also going to be buy
43. 1:27stops up here. And there's also going to
44. 1:29be one more set of buy stops up here.
45. 1:31We've identified buy stop one, two, and
46. 1:33three. Buy stops are just liquidity.
47. 1:36It's just money. There was money beneath
48. 1:38these equal lows down here. This low and
49. 1:40that low. These are equal lows. EU came
50. 1:43down, ran out the liquidity beneath this
51. 1:45low. That also tapped into an area of
52. 1:47inefficiency. So, clean it up. And now
53. 1:49we're looking to target the next set of
54. 1:51money, the opposing liquidity. And so
55. 1:53here is the opposing liquidity. We have
56. 1:56this week, the Tuesday, 6th of May high.
57. 1:58For the scalpers, this is probably what
58. 2:00you're looking at. This is a 30 pip
59. 2:02move. You're good. You're Gucci. This is
60. 2:03not going to be where you're looking to
61. 2:05enter from though. It will most likely
62. 2:06be a bit lower than that. But I'll come
63. 2:08to that in a minute. You're looking for
64. 2:09price to run out the buy stops above
65. 2:11here. The buy stops above that. And
66. 2:14although there's buy stops up here, you
67. 2:16don't have to take it there. What you
68. 2:17could do is you can take it to the very
69. 2:18close of this buy candle and the open of
70. 2:20this sell candle. So that would bring
71. 2:22you to
72. 2:25150ish. So that's what some people could
73. 2:27do and then you can wait to see whether
74. 2:29your runner can take out the buy stops
75. 2:31above here. This one question will help
76. 2:33you understand where price is going to
77. 2:35be going this week. Always ask yourself
78. 2:37where is the money? There's three sets
79. 2:39of buy stops. Me most likely you'll be
80. 2:42going for one and two. These ones are
81. 2:44really close together. These highs are
82. 2:46let's just double check that that's
83. 2:48about 43 pips. So basically this whole
84. 2:50range we're working with now. So go from
85. 2:52this candlestick here the close to up
86. 2:54into this level here. We're talking
87. 2:56about 216 pips. But you don't need to go
88. 2:59for all of that. You can literally just
89. 3:01go for this high here a 67 pip move.
90. 3:04Work out your risk-to-reward within that
91. 3:07range and take it to this level here.
92. 3:08Now you understand that price is drawn
93. 3:10towards the money. Price is always
94. 3:12looking to go towards the money. price
95. 3:13only retraces to generate liquidity
96. 3:16above all of these highs to then run it
97. 3:18later. If you understand that, you are
98. 3:20going to be able to capitalize on Euro
99. 3:22USD this week. So, we talked about those
100. 3:24targets. We already know it's bullish on
101. 3:26the higher time frames and there's
102. 3:27nothing else down here. And so, you
103. 3:29you're expecting price to rally up into
104. 3:31this these levels here. You guys are
105. 3:33probably thinking, okay, that's that's
106. 3:34all good, but how do I go about getting
107. 3:36an entry when it comes to Euro USD? I've
108. 3:41said this in a video before. I can't
109. 3:43remember which video it is, but if I do,
110. 3:45I'll attach it to the cards. With the
111. 3:47TTTM style of trading, you want to wait
112. 3:49for price to dip beneath some kind of
113. 3:51liquidity first before looking to enter.
114. 3:54If I'm looking for price to dip beneath
115. 3:56some kind of liquidity first, ask
116. 3:58yourself, what liquidity is going to be
117. 4:02produced or created that I can get price
118. 4:06to dip beneath that to then rally
119. 4:07higher? And so this is where you look at
120. 4:10Asia liquidity. You're going to be
121. 4:12looking for price to dip beneath Asia
122. 4:13liquidity. I'm looking at roughly about
123. 4:171.1140. That 40 to 50 mark.
124. 4:201.1340 to 50. Within that range, you
125. 4:23want to be catching some kind of entry
126. 4:25within that area to at least take out
127. 4:28some liquidity. This liquidity and
128. 4:30potentially this one too. I want this to
129. 4:32happen Monday, Tuesday, Wednesday. So
130. 4:34that means every single time I see this
131. 4:36happening Monday, Tuesday, Wednesday,
132. 4:39I'm looking to jump in. Ideally, I want
133. 4:41Asia to come in and go nowhere. Just
134. 4:44sideways like this. This is
135. 4:45accumulation. It's going sideways. It's
136. 4:48accumulating orders on this side and
137. 4:49it's accumulating orders on this side.
138. 4:51It's accumulating buy stops. Can just
139. 4:54about type with this buy stops down
140. 4:57here. And it's accumulating sell stops
141. 4:59down here. Then I want London to open.
142. 5:02So put a little line there. Then I want
143. 5:04London to open. This is London here.
144. 5:05Let's put a little L for London. Then I
145. 5:07want London to open. I want London to
146. 5:09mess around and then dip beneath Asia
147. 5:12into our area of interest. So this is
148. 5:14going to be that 40. This is this is
149. 5:17going to be that 50 mark. And this going
150. 5:20to be our 40 mark. And it's within this
151. 5:22level here. And ideally I would want I
152. 5:24would want it to happen in London.
153. 5:26Ideally I want it to happen in London.
154. 5:27But that would be the perfect but it's
155. 5:29within this low here. Then I want price
156. 5:31to tap me in or I will market execute
157. 5:34get into that trade and then take price
158. 5:36not just above Asia where there's also
159. 5:38going to be liquidity and the aim is
160. 5:40never just the Asia liquidity high.
161. 5:42Although if you are scalper and you want
162. 5:44to catch this move from here up into
163. 5:45this level look by all means you know go
164. 5:48for that that's that's all good. Go for
165. 5:50that. I want price to then take this to
166. 5:52our area of interest. So this area of
167. 5:55interest is this level up here. This is
168. 5:58the most ideal entry. However, if for
169. 6:01whatever reason you are not comfortable
170. 6:02with catching price when it's dropping,
171. 6:04I know there's going to be people that
172. 6:05are uncomfortable doing that, then you
173. 6:07want to go for the next best entry. When
174. 6:09price is making this move up, there's
175. 6:11going to be some kind of inefficiency
176. 6:13created here. An inefficiency could be
177. 6:15created here where there's uneven
178. 6:16trading where there's only one buy
179. 6:18candle that passes through and not no
180. 6:20sell candles passing through this range
181. 6:22here. This would be ideally where you'd
182. 6:24want to catch your next entry. We know
183. 6:26price does not go up in a straight line.
184. 6:28It could go up like this then retrace
185. 6:30and then go higher and then it will
186. 6:32continue to do that or it can just go up
187. 6:34like that once one time down and back
188. 6:36up. The aim is to catch price wherever
189. 6:38there is inefficiency. So don't forget
190. 6:40this is entry type one and this is could
191. 6:43be entry type two. This one and that
192. 6:45one. So don't forget like I said when it
193. 6:47gets there you can take partial profits.
194. 6:49There's no issues with that. that dip
195. 6:51into let's say that 40ish mark to 50 to
196. 6:55get here that's about 30 pips and this
197. 6:58alone this would be quite juicy
198. 7:00especially for those scalpers got
199. 7:01relative equal highs up here too so
200. 7:03that's al obviously going to be a draw
201. 7:05but ultimately this is a good one to go
202. 7:07for relative equal highs again you know
203. 7:09there's going to be liquidity above that
204. 7:11and then taking it to this level now is
205. 7:13an extra it's about 80 pips or so so
206. 7:16guys look this can be a very juicy move
207. 7:18and obviously there's the the big one
208. 7:20the big boy all the way up here. But we
209. 7:22will know what to do once price gets
210. 7:24past these set of buy stops. But that is
211. 7:27the play for EuroD guys. I'm looking for
212. 7:29another leg up, another expansion
213. 7:31higher. So we have three sets of biceps
214. 7:33to go for. It can do it. Look at this
215. 7:35one candlestick can do it. This
216. 7:38candlestick here was 300 pips. 300 pips
217. 7:42this candlestick here. And so if this
218. 7:44move here is roughly about from let's
219. 7:46just say from that mark here to in here
220. 7:49225 pips, you know, it can do it in one
221. 7:52candlestick. And even if it doesn't,
222. 7:54this should still be a juicy move. So
223. 7:56guys, that's my play on EuroD this week.
224. 7:58Hopefully you guys can look about that.
225. 8:00If you're not comfortable to get in,
226. 8:01then don't. No one's forcing you to get
227. 8:03in. You do not have to get into this
228. 8:05trade. Also guys, if you're new to
229. 8:07trading forex or if you've been
230. 8:08searching for a good broker, I currently
231. 8:11use IC Markets. They are a reputable
232. 8:13broker. I've had no issues with them.
233. 8:15So, my link will be in the description
234. 8:16if you want to go ahead and get
235. 8:18involved. If you want me to dissect more
236. 8:19pairs, then go ahead and drop me a
237. 8:21comment below this video with the pair
238. 8:22you want me to analyze. Peace.