Hey hey: what's up my friends, so welcome back to this month's price action analysis, where i share with you right some of the best trading opportunities that i'm seeing in the markets right now as well as you know, walk you through some of the trades that i Mean right, my thought process the: why? Behind the trade, the winners, the losers and not so, let's get started so the first currency paid i want to share with you is pound canadian. This is a trade that i'm in right now, but let's backtrack a little bit and understand my thought process to why i entered this trade. How i manage my raise, stop loss so on and so forth. So as you can see right this market, it's a it's.

A range on the daily time frame, so you can see it's contained between these highs and this lows. So when the market is in a range, i have no issues being a buyer or seller. After all, the market is in a range i can buy low, sell. High sell high buy low same thing, so what i'm looking to do right now is to trade from an area of value, so on the eight hour time frame right at this point, right is where you can see the price came into this area of value.

This area of support on this time frame right notice, how the price come into here and then for me. Bullish price rejection, closing right back up of support, but that's not the only reason right. Why i'm long! The other reason is because i know that for a fact right, based on my own research and back testing, is that pound, canadian right pound canadian? This is what i call a uh weekly reversal currency pair. Let's call it weekly reversal currency pair.

What this means right is that this is one of the few currency pairs right. That has a tendency right to reverse at the previous week, high low, so i'll call this a weekly high low. Let's call it a weekly high low reversal, okay, so this currency pair, this is one of the few currency pair that has a tendency to reverse at the previous week, high or low. So this means that whenever let's say pan canadian re-test the previous week low there's a good chance, it will rebound higher from the previous week low.

Likewise, whenever you re-test the previous previous week high there's a good chance, this currency pair could drop down lower from the previous week high. Of course, nothing is cast in stone. This is not, you know, guaranteed, but it's all based on probabilities and even learn more about this. You know uh, this type of currency pairs, trending currency pairs, weekly reversal currency pairs.

I actually uh talked about it in this book over here called price action trading secrets. Right, you can learn more about it, but uh yeah, that's pretty much as far as i would go right, because it will be too long right to explain in one video so anyway, pound canadian is a currency pair. That has a tendency to reverse. At a previous week low, sometimes i call this a mean, reverting currency pair.

In this case, i call it a weekly high low reversal, but whatever the case is you know what i mean so on top of it right, we also see that it comes into this area of value and we have a bullish entry trigger to go long in This case, the price right reverse above right, back above support and close near the highest of the time frame. So what i did is that i actually uh to be honest, i missed the trade the market actually rallied off when i noticed this. So what i did is that again me being a cheapskate, i placed a buy limit order just about here right and i got filled when the market right made a pullback on this candle here. So i got fuel my stop-loss right there.

Actually one atr below this low so somewhere about here my stop-loss, okay and for targets right, i'm targeting right just before this uh this area of resistance over here, where the price might find some selling pressure. So at this point in time, the trade is still running. Uh, no idea whether you know it's gon na you know hit my target i'll hit. My stops we'll see how this one plays out next, one right, next trading setup, right, uh or rather the first trading setup that i want to share with you.

Now it's pound new zealand, so a similar story. If you look at it daily time frame this market, i would say it's uh range to an uptrend right, it's kind of like in a week up trend, but at the same time it could be also be. You know in the range, depending on how much of the uh candles you're looking at, so you can see it's contained between this highs and this lows. So at this point in time where you can see that the price has recently break below this area of support - and many traders are thinking - oh man right now - the sport is broken.

Time is short time to sell right. But i can tell you if you do this right. What what's going to happen in the long run is that you end up chasing the market, and you find that you know you are suffering losses after losses because you're chasing the market. So at this point in time, right the way i'm looking at this is that i'm not looking to short this market, i'm still looking to be a buyer.

You might be thinking what trainer do you want to buy when support is broken. So hear me out right. Yes, i do agree at this point in time. Support seems to be broken, but what could happen is that remember.

Support is not a line on your chart. It's an area of value, it's an area. So, if you ask me i'll, probably define my support, as you know, pretty much like kind of this box over here, so there's a possibility right that this market could reverse up higher close back up above support, and when that happens right, i call that a false Break a false breakout, whatever you want to call it. Basically, you know price uh didn't follow through with the breakout, it's a false breakout, and when that happens, i'm looking to be a buyer to re-enter back into this uh order to enter into this trade on the next candle open right, stop loss again can go one Atr below the low possible target - you know just before this area of resistance over here, and another thing to add, is that this currency pair is also right.

Uh, a weekly high low reversal currency pair similar to pound canadian. So, whenever this currency pair re-tests, the previous weak low, there's a good chance that it could reverse up higher. So at this point in time, right, where is the previous week low? I have you know marked with this orange line over here. This is the previous week low, so you can see that the previous week low now the price has broken below it.

So we'll see whether the market can you know, reverse back higher and close back above right or close back into the range. When that happens, i'll be looking to enter a long trade for this currency pair and by the way, this is all purely educational purposes, whether you make money or lose money. It's all on you right. It's your responsibility, cool! So next one.

Let me share with you another trading setup that i'm looking at aussie new zealand, so you can see that this one again on the daily timeframe. This market is in a downtrend right series of lower highs and lower lows. So in this case, i'm looking to be a seller, so on the eight hour time frame right is where i'm looking to enter a trade. So i got the buyers on a daily time frame and now i'm using the lower timeframe to better you know, fine-tune my trade.

So the next thing i'm looking for is an area of value. Where is the area of value on this chart? So you can see that right now, if i overlay the 50ma, you can see that this market actually respects the 50 period moving average as well tested once twice three times four times and possibly coming back right for a you know, fifth time. So what i'm? Looking for is again right, uh for the price to retrace back higher into this area of value. If into this orange line, that would be great, because that is the previous week high right to look for a pullback, a retracement into this area of value.

Give me a bearish price. Rejection could be something like a shooting star like this right for those of you who are familiar with candlestick patterns right, the videos that i that i produce right, we talk about candlestick patterns, a shooting star, a bearish engulfing pattern. These are the kind of entry trigger that i'm looking at to shorten this market. If i do get that this kind of looks like a cherry coming up right so anyway, uh looking to short on the next candle open, but, to be honest, i'm usually a cheapskate.

I don't really shop on next candle open, i like to place it for sell limit order, try to squeeze in a few more additional tips. If i can, of course, the downside to that sometimes uh, i don't get filled on the trade and i watch the trade just you know uh take off without me and i really feel the cringe down there. I feel the hurt so but that's me right. That's kind of like my my uh character when i trade the markets and then stops 180 are above this highs, okay and for possible target again could be just before this uh, this uh area, i'll call it this area where buying pressure could possibly step in either.

Here or here are two possible targets, so this is kind of a trade i'm looking at as well for aussie new zealand. So now, let's move on to the stock markets right and see. You know how things are faring over there, and one thing to point out is that you know uh as a price action trader. It pays right to not just be focused on one instrument like let's say forex, because you know what, if forex the market doesn't have much opportunities, then you know you there's nothing for you.

But if you, you know trade stocks, you trade, other markets out there commodities. Then you're increasing right the opportunities that you get and if you can increase your opportunities, then technically you should make more money right. So you know so, if you're new to trading right, if you just start off with forex uh perfectly fine, but as you mature as a trader, get yourself exposed to more markets, more opportunities. You know more right so anyway, uh to the stock market.

You can see that right now, the s p 500 is still in a bullish run. There's no reason to be. You know, bearish on the stock market. Just look at this chart you know from left to right.

Market is going up, so we are looking for buying opportunities only so now we have our buyers right. We can look for individual stocks and look for potential trading setups. So let me just share with you a few potential trading setups that i'm looking at on stocks right now. First, one here is a tpx.

Where are you there? You are so tpx, so you can see over here this stock, it's in an uptrend as well series of higher highs and higher lows. Okay and again right. I don't want to be just blindly buying off the size. I want it to come towards an area of value, so one area of value i'm looking at is over here previous right resistance, resistance resistance, which became support, support and it could become support here once again so around the 41 42 price point.

So, looking for the market to make a pullback, so usually, if this stocks make a pullback right, or rather when the overall stock market, like the s p500, makes a pullback chances, are this stock will make a pullback as well? So if it makes a pullback into this area of value, then i'm looking for a bullish price rejection right and to go along right. If you know the price rejects this, this area of value that i've highlighted over here, so my stops usually is one atr below this lowest possible target could be just before this swing high. If you just want to capture a swing, if you want to ride a trend to trailer stop loss, you can use a moving average. You can use the chandelier crosstalk to you know, write the train up higher okay.

So this is the first one. I'm looking at overlay with the 50ma, you can see not bad as well. You can see that you also have the confluence of the 50 period moving average tested once you know twice three fourth time and possibly here fifth time and this fifth time right coincide with this area of value, which i've highlighted earlier. So definitely a level worth paying attention to another one right: it's a morgan, stanley, ms, so again a similar story.

You can see that this stock is in an uptrend series of higher highs and higher lows right now, it's you know consolidating, or rather you know, just hanging near the highs. What you can do is you can see that this is the area i'm looking at. Okay. Looking for a pullback towards this swing, low coincide with the 50 period, moving average right that is being respected in this market right and looking for a bullish entry trigger to go along could be a hammer right hammer like this all right.

This is a common price pattern right and then you know go long when the next candle opens stops 180r below the low possible target could be just before this swing high. So this is a pretty basic, simple trading setup to trade, the stock markets when it's trending - and if you learn more about you - know such price action trading strategies and techniques, you can go down to my website here: price actiontradingsecrets.com and get a copy of this book Over here 142 pages, all right of our pure price, section trading, uh goodies right. We talk about support resistance, how to tell when it will break how to draw it. Candlestick patterns, how to identify reversals and much much more, and if you get a copy today, i'll give you a few bonuses right.

We give you the pdf version of this book, so not only you have the physical book, you also have the pdf version of the book, so you can download and read it immediately. You get my position, sizing calculator, so you never blow up another trading account and you have this webinar, where you learn how to become a profitable trader without quitting your full-time job. Okay, so just uh click the link somewhere below here right and you know, get a copy of this book. You are protected by my 60 days, money back guarantee.

So, for whatever reason, if you don't find value, you don't enjoy the book, just email me and i'll. Happily refund you in full and you can still keep the book and the bonuses how's that for being fair. So with that said, i wish you good luck and good trading i'll, put the link somewhere below this video for you to get a copy of the book and i'll talk to you soon.