Hey hey: what's up my friend, so welcome back right to this month's price action analysis. This is for the month of september right. So what you'll be experiencing right is pretty much me sharing my thought process of the markets. I'll share with you.

You know trading opportunities. I'm looking at why i'm looking to enter a trade where's, the entry point, exits, stop-loss, etc, so just to to mention right, whatever i'm about to share right, please, you know, use your own discretion, your own, due diligence, whether you make money or lose money. It's all on you, your own responsibility, your accountability sounds good. Then, let's get started so.

The first thing i want to share with you right is aussie yen, so this market, i am bullish on this market. So if you just zoom out a little bit, you can see that aussie and recently right, we broke above this resistance area around the uh wow. Look at that straight line: okay, very straight line. So anyway, we recently broke above around the 76 40, 76 50 level.

So again, i'm bullish on this and i'm looking for potential buying opportunities and if you just pull out the 20ma right, you'll notice that this market is pretty much in a strong trend right consistently above the 20ma 20ma here here and here. So i'm looking right for a potential re-test of this, a previous resistance that could become support right and it has also the confluence right of this 20 period moving average. So in terms of a the set up the entry, it's pretty straightforward, all right! You can go down to a lower time frame like the eight hour time frame and look for bullish price rejection at this area right previous resistance resistance resistance which could become support. So it's around the 77 price point so looking for the price to hit down lower lower lower lower, then it rejects close bullish, lead back above this previous uh resistance that that could become support.

Then i'll look to buy on the next candle open, stop loss right! Will be 180 below this low somewhere about here? Okay, potential targets could be just before this swing high here right, so you can capture a swing, but if you want something more right to lead to, let's say you know, capture the trend. Since this market is still in an uptrend, you can trail your stop-loss right progressively as the market moves in your favor. You can use you know, moving average uh, the chandelier crosstalk and you know stuff like that. Okay, so first one is aussie yen bullish on this.

Next market that i'm bullish on is nasdaq, so nasdaq is that i mean you look at this chart right. It's at all-time highs! Okay, so you just zoom out zoom in zoom out zoom in there's, nothing bearish on this chart. The only thing that's bearish are those people who are permanently bearish in the markets right they are, they think the whole world is going to crash and burn, and you know always you know bearish, but here's the thing right. You can be bearish only one right, but if you're a trader and you're bearish and you're putting money on the line, then it's going to really hurt a lot.

Okay, so so trade, what you see not what do you think or what do you feel so clearly right? I am bullish. I am with the flow with the price with the trend. So where do we look for buying opportunities? That's the question right. So we know we are bullish.

The next question is: where do we look for buying opportunities? So if you just pull over the 20ma you'll notice that this market is also in a strong trend since uh since april right notice, it has been you know above the 20ma consistently. Yes, you have. You know some false breakdown here and here and here but generally it has, you know, remain above the 20ma and you can see that it has tested it a number of times right once twice twice: four: five: six, maybe even seven eight, so yeah consistently above the 20Ma, so what i am looking right is again right for buying opportunities or as the price approach, this 20 period moving average. So here's the thing right, i am not looking to you - know, buy the moment you just retest the 20 ma right because never know right.

This could be the final breakdown and the price rate is down lower. So i'll look for clues from the market right that signals to me that you know it's. It wants to continue to hit higher. So one way to go about it: it's gainer! You can use the eight hour time frame if you to time your entry, okay and if you just overlay with the 50ma, you realize that, on the eight hour time frame, okay, the 50ma serves as an area of value.

Over here i tested a number of times as well, so what you can look for is buying opportunities right around this area, where the price could re-test this 50ma over here. So you could pull back. Pull back. Pull back then gets rejected close strongly back above the 50ma.

Go long on the next candle open, stop loss again 180 below this lows. Possible target could be at this swing high over here as the price re-test. This swing high, okay, so that's kind of the game plan to uh to trade nasdaq. So you can see that this is not the only uh bullish stock market out there.

If you look at the smp, if you look at you know, i think the the russell 2000 right generally most of them are in a uptrend, so bullish still right on the stock markets. Moving on right, let's move back to you know fx right a little bit of a exotic currency pair dollar against the turkish lira. So if you just look at this right, this is the daily time frame just zoom out a little bit. You can see that this market also right trading near the highs right, just uh under seven dollar, forty cents right now, okay, so you can see it broke above this key area of resistance right and it's consolidating right now, that's great! So what i'm looking for is again right for the market, to signal to me right that it's getting ready to make the next move higher.

So again, i would like to use the 20ma as a guide. So, as you can see right now, the market seems to be forming like a potential flag pattern. A booth like pattern, a consolidation right - i'm not too concerned with the exact term right, but what i want to see is for the 20ma to catch up with the price. This means right as of right now.

The 20ma has not touched this uh this. This uh price over here here almost it's - almost touched it, but didn't so. I want the 20mm to go up higher. So eventually the price gets to touch the 20ma.

So when that happens right, that's it's a sign to me right that this market has stored enough potential energy and it's really getting ready to make the next, hopefully the next breakout higher. So what i will do is that if the 20ma has caught up with the price, then what i'll do is simply place a buy, stop order above this highs. Look to go long. Stop loss right will be 180 below this swing low over here so somewhere about here.

All right, so that's my plan to trade dollar against the turkish lira, bullish on it as well. So it seems like we have a number of bullish, setups right this this coming month. So what else can i share another bullish setup right go so for gold right again, if you look at this right, whether it's the daily, whether it's the weekly bullish on this market as well so daily timeframe, look at gold uh. I think it has to be consistently above the 50ma right.

I mean we have a little bit of chop here and there you know here here, but s of a april again right pretty much consistently above the 50ma. So again, i'm looking uh, i'm bullish on gold. Looking for buying opportunities and again where i see uh, where i'm looking to bias at this area of value over here around this swing low. So again, if you go down to a lower time frame like the eight hour time frame, you would see that the area of value is more pronounced.

Okay, so it's this area over here this area of support, okay, so price, would possibly come down swing now. Lower. Do a false break of this lows then reverse up higher close back above support looking to buy on the next candle open, stop loss, one atr below this low somewhere here and first possible target just before this swing high over. Here again, you can look to take half your position at that swing.

High. Then again, you have the remaining half. You can use it to trail. Your stop loss, maybe using the moving average using a chandelier crosstalk.

Those are very useful techniques to trail your stop-loss okay and that's for go bullish on this as well, and one last thing right just to do a quick trade recap with you, so aussie dollar. This is a pair that uh i'm long as well bullish and again the top process is kind of similar to the aussie en1 that i said earlier. You can see that again this market pretty much broke above resistance. Then we had this consolidation over here.

So i want to share with you the concept that i just mentioned earlier right when the market do a consolidation uh a potential bull flag pattern, i, like the 20ma to catch up with the price first, to signal to me that it's getting ready to break out It has, you know, stored enough potential energy. So, in this case, if i pull out the 20ma, you can see that it has touched the price at this point over here. Okay, so at this point, okay, let me just go back in time. At this point, you can see that the 20ma has already touched the price great.

So now i am more inclined right to trade. The breakout, so i place a buy, stop order above this highs. Stop loss right 180r below the swing low. I reference this swing low, so it was about here, okay, so if the market breaks out right then i would trail my stop-loss progressively higher.

So the way i trail, my stop-loss is i'm using the chandelier crosstalk, which is this indicator here, and it's showing up showing up as this blue line over here. So what i use there is simply a volatility base indicator. So this from here to this blue line right is 3 atr, so you can pull out your atr indicator. You multiply by 3 right.

It will give you a the number x okay. So the number from here - let's say from the high over here down to here right - this distance is x, which is equivalent to 3 atr. Of course you can adjust the multiple atr. Multiple right over here use three values: four, five: six, it's all depending on you.

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