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. I cover both the fx commodities and the stock markets and, along the way, i'd like to share with you, you know my own thought process right to some of the trades that i've taken. You know both the winners and the losers. So this way you can, you know, learn uh my thought process and hopefully help you shortcut your learning curve.

So let's get started so the first thing that i want to share with you is actually a trade that i took and it's a losing trade. So let me walk you through. You know what happened, so this is a trade that i took on dollar against the chinese yuan, the eight hour time frame. So whenever i look at the chart, the first thing i ask myself is number one is: what is the market structure? In other words, is this in an uptrend, a downtrend or range, and you can see that this market, it's pretty much in a downtrend, forming a series of lower highs, lower highs, lower highs and lower lows, lower lows, lower lows.

Okay, second question asked myself: is: is it trading near an area of value? So in this case i noticed that the price came into. Let me just get rid of the lines. First, it came into this previous resistance, which could become support right previous resist. Sorry previous support, which could now become resistance over here, so it's at an area of value and then finally, i was looking for a valid entry trigger to go short.

So in this case, what the market gave me was a bearish price, rejection right, a bearish engulfing pattern. So when i saw this right, i have a number of factors you know. Working in my favor trend is down. Market is at resistance, and i have a bearish uh price pattern right.

A bearish engulfing pattern right to signal to me that the sellers are in control, so i went short on the next candle open, which is on this candle here. Okay and my stop-loss is 180 - are above this highs. Basically a distance away from this high somewhere about here. My stop-loss and market triggered my trade.

I got shot and you can see that over here, market moved in my favor then started to bounce up higher toiling with my emotions. You know, then go back down lower, trying to break this swing low over here and, as you can see, it did broke below the swing low before it immediately reversed up higher, and then i got pretty much stopped out on this spike over here. So this is a losing trade for me on dollar against the chinese yen. So just you know to share with you this top process when i took this trade, so another trade that i took is euro against the aussie.

So let me just share with you uh this market is a bit uh interesting on a big picture perspective. So if you look at the daily timeframe, you can see that this market was previously in a downtrend over here, okay series of lower highs and lower lows. As you can see, so what happened is that recently well, not very recent, but maybe a few months back, it actually broke above this key price structure over here, which is this area of resistance, so my top process was this right was at that point in time. Right, let's say before the price breaks out so at this point right when i was looking at this chart, my bias is still towards the short side, because after all right, the trend is still intact right.

The series of lower highs is still intact and i was telling myself right if the price can break above this area of resistance right. I will shift my bias from short to long right, because if the price can now break out of this resistance, i would now have a higher high and there's a higher low, which have been made over here. In fact, right at this area of resistance, you can see that the market is starting to show signs of strength, but i wasn't no. I couldn't you know say that you know the the trend is heading higher because, yes, i have a series of higher lows, higher lows, higher lows, higher lows into resistance, but i can't say that this is in an uptrend, so i chose to be patient.

I let the market know make it move first right before i shift my buyer so when he broke above this area of resistance right, i shift my bias from short to long. Okay. So that's what happened then. Now that i know what's my bias, i went down to the lower time frame like the eight hour time frame and i had a valid trading setup to go long.

So, as you can see right, price broke out of this. This was the resistance that i had earlier: okay and the price broke out of it and re-test right now, previous resistance resistance, which could become support. That is a real value. Next thing i had was a bullish price rejection in the form of a of a you know, bullish reversal, candlestick pattern, so i went along on the next candle open over here.

Okay and my stop loss again is just a distance below this swing low somewhere about here. So at this point, i'm trying to write the trend and see you know how much can move in my favor and long story short right. This is trade i'm still holding. I actually took partial profits right before this swing high over here.

Okay on hindsight, right now, actually, i should have you know, held the entire position on longer because, as i'll share with you shortly right, this is the type of trade where you know the market could really explode much further in my favor, because if you see on The daily time frame we're actually forming this uh. This consolidation over here this type, consolidation, okay and, as you know, right the market. It moves from a period of low volatility to high volatility. So this means right.

If the market does, let's say it breaks out higher right, i could expect a pretty strong momentum, move that could move in my favor and you know, yield me a pretty decent risk to reward on the trade. So yeah shouldn't have you know exited. You know a partial of that position earlier on, so what i could do now is that if the market comes back close to my entry price, i could you know just re-enter the the remaining half of the position that i exited earlier. Okay, so so, let's say now: what, if the market does you know break out higher from this? This heist? What is my plan? So if the market - let's say it, breaks up this high and continue higher, i'm going to go with a trailing, stop loss, a very simple three atr trailing stop loss.

You can use this tool over here. Okay, if i just adjust it to 380r, it will be shown as this blue line over here. So let's say, if the market does breaks out higher right, this blue line will continue to heat up higher as well, because it's just simply a three times the average. True range from this highs over here, so from this high all the way down to this particular.

Let's say this is the imaginary, imaginary, blue line that has you know age up higher with the price heading up higher. This distance here is basically three atr three times the average true range. So that's my plan right to actually write this trend up higher and see how much further it can go in my favor okay. So that's my plan for euro against the aussie dollar.

So now let me share with you uh a few trading opportunities that i i will be looking at for this coming week and before i do so, i want you to know that you know coming up right on 17th and 8th july i'll be hosting a free Two-Day live trading, webinar right where you'll learn. You know, uh trading strategies and techniques that you can use to beat the markets in 2021. This will be focused mainly on swing trading right. So if you want to learn more about swing trading, you want to learn more about.

You know how you can actually use it and improve your trading results right. This is the event to register for i'll, put a link somewhere below this video, and you can, you know, sign up for this free event, totally free, so i'll share with you more details, but for now let's just move back and talk about some of the opportunities. I'm seeing this way so the first one is: let's talk about a dollar against the south african rent. So let's move up to the weekly time frame.

Okay, so you can see over here on the dollar against the south african rain on the weekly time frame. The market is overall still in nausea towards the downside, bearish momentum, and you can see that if you overlap with the 20 period moving average right. It has tested a number of times here once twice and we are back here for a third time and on top of it, we are also seeing that this market has retested a previous previous, a support, support right, which could now become resistance so again right what I'm looking for is again this market from the looks of it. If the price can break below this, this uh this weekly candle low right - i expect it to you - know, continue down lower right in the coming weeks.

Okay, so this kind of like a really a big picture perspective of dollar against the south african rent. If you don't trade off the weekly time frame, then uh, then this setup won't be too relevant to you. But what you can do is actually, with this in mind right. You can then go down to a lower time frame and look for trading opportunities right to you know short this market.

So let's say you go down to the four or eight hour time frame. There are a few things that you you can look for. For example, let's say the eight hour time frame. Okay number one is uh.

Let's say you have this: this swing low over here right, just this swing low over here. What could possibly happen is the market. Let's say you could come here down, break down this low, and then you have this retest of this previous support right, which could now become resistance. Let's say it forms like you know, shooting star like this.

This could be a trading opportunity for you to go short on the next candle open right in the dissipation rate of lower prices, to come as you've seen right that on the weekly time frame right, we are near this area of resistance and the price could possibly Head down lower, so this is how we can actually use multiple time frame analysis right to help. You know, make better trading decisions, so this is kind of the first market that i'm watching for dollar against the south african rate uh. Moving on to, let's say the metals right, uh silver. So if you look at silver, if you look at the daily time frame, i just zoom out a little bit.

You can see that this market is forming somewhat of a huge right. Huge ascending triangle pattern right: you can see these are higher lows, higher lows, higher lows, higher lows coming into this strong area of resistance over here; okay, so whatever the case is right, we have this consolidation over here, and this is where i'm interested right to look For buying opportunities right coming to the uh, there's a upward trend line over here, which could act as an area of support, so looking at the forward timeframe, here's what i'm looking for so on the forward time frame right! This is an area of resistance over here. Okay, so what i'm looking for is for the price to break out and then do a re-test right. You have a break and re-test our previous resistance resistance resistance, which should now become support.

Looking for a bullish price rejection to close back above support and looking to enter on the next candle, open, stop loss can go 180 below the low and then, if you're, on the right, this uh, let's say the trend does continue higher. You can use a trailing. Stop loss right and write this trend up higher from there right. So this is one possible trading setup that i'm looking at for silver and one last trading setup.

Let's move on to the stock markets, so it's actually, this particular stock right, signet, jewelers! So, okay, you can see that i, i love trading trends so so far, all the trading setups that i've shared with you right are mainly trend trading setups because after all right the trend to me, it's your friend right. It's a path of least resistance. Why would you want to fight it so as much as possible? I like to trade in the direction of the trend, so for this one over here you can see i just zoom out a little bit. You can see that this this market has been in a very nice beautiful uptrend and if i overlay with the 50 period moving average, you can see that uh, okay, not too relevant for in this case, okay.

So what i'm looking for for this particular setup? It's over here, okay, this previous again resistance, oops resistance, resistance right which could become support around the 67.50 price point. So hopefully we can get a pullback towards here, okay and get a bullish. Uh close above support, then i'll look to buy on the next candle open. Stop loss 180 or below this low and again you can use a trailing, stop loss to write the trend up high.

If the price you know continues up higher or if you want to capture a swing, you can look to take profits or just before this swing. High over here, that's another option that you can consider: okay, so with that said, right, uh once again, right uh, we have this free two-day online trading event happening on the 17th and 18th of july. The website. The link is over here right trading with friend.com webinar right.

This is uh just to give you a brief overview. Two days first day we'll talk about. You know the five trading habits that keep you poor without you, realizing it: how to spot the best market conditions for swing trading, and why a simple swing trading strategy to profit in bull and bear markets and along the way i should share with you a few Chart examples right, so you can quickly understand what swing trading is all about day number two right i'll talk to you: how to beat the stock markets consistently right, even if you've tried everything else in fail, failed and how you can steal hedge funds, winning strategies and Shortcut your learning curve, my top four trading tools, which will save you a ton of time and money and a complete swing trading system that works. So all this and more right during the 17th and 18th july just come here.

Click this green button and then you'll be brought to a zoom registration page just register for it and that's pretty much it okay. So with that's it. I wish you good luck. Good trading! I will talk to you soon.