Hey hey: what's up my friends, so welcome back to this month's prize section analysis where i'll share with you right some of the best trading opportunities that i'm seeing in the markets right now as as well as to walk you through some of my winners and losing Trades, the top process - and you know the what the why and stuff like that. So without further ado, all right, let's get started so the first thing i want to share with you. It's actually a trade that i took aussie, canadian and my thought process is that this currency pair on this time frame, you can see that it's in a downtrend number two area of value. I was looking for the price to come towards an area of value, and in this case it came into this minor swing low that you see over here, so normally right.

I i wouldn't really want to you know trade such minor swing. I prefer the more obvious levels like this one over here, but why? Why did i choose to go with this level and the reason is simple right: is that aussie, canadian, it's a currency pair right that tends to reverse at the previous week high or low? This means right that whenever aussie canadian, you know approach the previous week high there's a good chance, it could reverse from the high right, based on the historical back testing that i've done so using this piece of uh information right on hand right, i you know, am I biased right towards shorting this currency pair towards the downside and, furthermore, right i had a valid entry trigger to go short as you can see over here. This is a something like a dark cloud cover, so i went short on the next candle open. Stop loss.

180 or above this high, so what happened is that in this case the market did move a little bit in my favor right before it reversed and then stopped me out for a loss over here right. So i got stopped out and eventually the market did collapse. Lower and that such is the life of a trader okay, so this is a losing trade that i took on aussie, canadian. Another trade that i took right using similar principles is new zealand, canadian.

So let me walk you through the idea behind it step by step. So again, right this currency pair, it's uh to me this one is more of a range market. So again, i could, you know: choose to uh, buy low, sell high, buy near the lows of the range or sell near the highest of the range, and on top of it right, this one come into this uh area of resistance. Nice and that's not all because similar to aussie, canadian right, new zealand, canadian is a currency pair again.

That has a tendency right to reverse at the previous week, high or low. In this case it did re-test the previous week high over here right. This is the previous week high and this on this candle spike up right. It's the opener of the new week already, so we spiked through the previous week high all right and then pretty much marginally closed higher for the day.

So this to me signals a strong bearish price rejection. You know telling me that you know the buyers they are not able to push the price higher. So i went short on the next candle open, stop loss right 180 are above this highs. This stop loss is pretty large.

To be honest, in fact, i got. I didn't exactly shot that next candle open. I had a sell limit order right, so it was somewhere about this level over here. Sorry to see if i could get filled - and in this case i believe right - i got fill as you can see over here all right on this candle here, the sub sub uh pull back higher right.

I got filled on with a sell limit order and pretty much you know, triggered my short trade. So my my target for this is uh two things right number one at that point in time. Right, i was thinking i would exit this trade right uh, either at the open of the following week. So because right, i know that this currency pair has a tendency to to reverse at the previous week high or low right.

So this means that the prior week, high or low it's gon na be a bit complex over here, but the prior week higher low could be you know, kind of like support resistance in this market. So my plan is that this my target is either going to be just before this swing low, right or pretty much right, uh near near the close of the uh current trading week. Right because the close of the current trading week is kind of like my sleeping hours, so i would exit on the close on a monday, whichever come first. So in this case the market are pretty much.

You know made me uh close right at the open of the following week, right which, as you can see over here, this candle over here is the opening price of the following week, and i exited over here so yeah. This one is again. This trade covered the losses of the earlier trade and that's kind of like you know, that's pretty much it so there's a couple of trades just to share with you right that i took recently and and hopefully you've gotten some idea to how i trade and analyze The markets so with that said, let me share with you another trading opportunity that i'm looking at this week so again right. Let's go back to aussie, canadian because again uh this market is uh, currently trending lower, and so i'm looking for selling opportunities and as mentioned, i said that you know aussie, canadian.

This currency pair has a tendency to reverse at the previous week, high or low. So what you want to do is that what i like to do is i like to plot out the previous week, high and low for this currency pair so over here. I can see that this is the previous week high and then this is the previous week low and you might be wondering hey ray. I know how do you know this man? How do you know this is a high, not this? Well, one simple tip that i have for you is that on trading view, the eight hour time frame right this chart over here it breaks up to you on a weekly basis.

So from this let's say from here to here, you see the line over. There is one week worth of uh eight hour candles from here to here right, it's another week worth of eight hour candles in it, okay. So what you can do is that, since this over here right is the start of a new week, you just look to the left. Where is the highest price point between here and here, and you identify the high and low for the weight? So this is the high and then this is the low, simple stuff, okay, so so yeah anyway uh since again to share with you my thought process.

Overall, this currency pair number one it's in a downtrend, i'm looking for selling opportunities on top of it right. This is an area of value which coincides right, which coincides with this a previous week high, which has shown right statistically right. It has a good chance of reversing near the previous week, so the area of value to me is it's strong. Okay, it's strong, and the third thing i'm looking for is a bearish entry trigger to go short could be things like you know, uh shooting star pattern, a bearish engulfing pattern.

You know something like this price goes up, goes up, goes down and quickly, reverse down lower. Closing near uh closing below this area of value that i'm looking to short on link's candle open stops 180 are above the highs possible target right could be just before this swing low over here or or just before, the uh uh, i would say, the previous weak Low which is again over here as well, okay, so that's uh kind of the setup i'm looking at for this coming week, aussie canadian! So now, let's have a look at the the stock markets. Shall we right so overall the stock market? If you look at the s p 500, you can see the overall daily time frame right. It is uh bullish right, you might see some text over here.

This is just kind of a reminder to myself right to basically scan for breakout stocks each day and to you know, scan for pullback stocks when the market makes a pullback. So it's just a reminder to myself: you don't have to get too worried about that, but generally, what you can see is that uh, the overall u.s stock market, we are still bullish right, so you can see that the historical price action of this market you know Is that he goes up pulls back goes up, pulls back goes up, pulls back goes up, pulls back goes up, pulls back goes up, pulls back goes up. What's likely to happen to me, there's a chance that you know it could make a pullback. Now it's currently like a having a slight deep slight pullback could be a deeper pullback before the next rally.

That's uh, that's a one possible scenario or to the permanent bears out there right. They could think that our market is too high right. You know there's too much money in the system right, you know it's, not healthy market is going to collapse. Well, that could be possible as well, but i'm going to lean more towards the upside.

Since you know the trend, is your friend it's my friend at least so yeah. My thing is that overall stock market is still bullish, i'm looking for you know, buying opportunities out there and one stock that, i would say, is worth you know to bring your attention to it's this one over here, vrt verti folding. So you can see that this stock, similar to the stock market, it is uh trending higher over time and again right. If the stock market makes a pullback, i would say there's a good chance that this stock right could pull back towards this area of value, which i've highlighted over here around the 26 dollar price point.

So, as you said earlier right, the stock market is kind of making a slight dip over here. If the pullbacks get deeper, this stock could possibly retrace into this area of value and again, i'm looking for a bullish. Entry trigger to go along could be something like a hammer, something like this kendall over here right. A strong bullish, close back above support and i'm looking to buy on the next candle open stop-loss, usually go a distance below my uh support somewhere about here.

Possible target. Could be just before this swing high over here? So that's kind of you know my my fake right on the stock market overall, as well as the stock trading opportunity that i'm seeing right now and uh by the way, if you're enjoying, if you enjoy you know such a price action analysis. You want to learn more about price action trading. Then you know i can get a copy of this book over here called price action trading secrets.

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Good trading, i will talk to you soon.