Gold, EURUSD & Bitcoin Traders: Donโt Ignore This | Weekly SMC Outlook
Video Overview & Insights
Gold, Silver, EURUSD, DXY, Nasdaq, Bitcoin and more.
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I'm Venezuelan, I spent 5 years and a Half just taking a loss after loss, UNTIL I FOUND YOU, Thank you Justin, you changed my life. Congrats for the new baby coming!
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DXY / US Dollar
Thanks
The US dollar just closed its strongest monthly candle in over a year, and now Iโm watching for a pullback into discount. If DXY taps the trend line support near the 100.4 region and gives us a lower timeframe change of character, that could set up the next US dollar long.
EURUSD
Great heads-up ๐
EURUSD remains bearish after the recent break of structure. Iโm watching for a relief move into premium, possibly into the four-hour inefficiency, before looking for a lower timeframe change of character and continuation toward 1.1200 and possibly 1.1060.
GBPUSD
Dziฤkujฤ bardzo. Jak zwykle super analiza.
GBPUSD is still much more sideways than the euro. There is bearish structure on the four-hour chart, but right now the pound is not as clean as EURUSD, so Iโm less interested in forcing a setup here.
AUDUSD
Hi Justin, really appreciate the time you put in doing these analysis videos, i just had a quick question. On your GPB/USD analysis. Why did you use the last(current) high to draw your fib tool on instead of drawing it from the overall high which was a bit higher. Just curious to know, thanks Justin
AUDUSD is also moving sideways, but the internal structure still leans bearish. Iโm watching for a push into the displacement area below 0.7000 before looking for a potential lower timeframe reversal and continuation toward the recent lows.
Gold / XAUUSD
๐ธ is trash ๐ ๐
Gold is bouncing, but there is still no structure confirming a bottom. Until XAUUSD takes out the key four-hour high near 4400, I have to treat this as a downtrend and watch for a potential short setup from premium.
Silver / XAGUSD
Oh very late here but i have got my share, thank you Justin
Silver is a little further ahead than gold in this relief rally, but the same idea applies. Iโm watching the premium area and yearly open region for a possible reaction, while keeping DXY front and center.
WTI Crude Oil
Awesome weekly updates โ thanks for adding all forex pairs and indices
WTI is one of the most interesting charts right now. Oil has been reacting from the bottom of a major channel, and if buyers can confirm a bottom with a change of character, this could turn into a much larger move.
NASDAQ
The main problem with oil is that it was built on hype because of the war, in the commodities market there is only so far the technicals can take you, and I do suspect a bounce at this level, but not convinced we are in the end of a bear trend. Its very different to silver and gold because people actually use it in every day life at a massive scale. LNG has also taken a hit. In the back of my mind I am hoping the price keeps coming down because its bad for the economy overall. I shorted oil at the top and it was one of the best trades I ever made and it does feel over extended. But I am not expecting the same type of bullish reversal that I think is coming on gold and silver within the next 8 weeks.
NASDAQ is forming a potential diamond top while also showing a change of character. A daily close below the key pattern support could open the door for a larger move lower into untested highs and prior displacement.
Bitcoin / BTC
Hi Justin, could you also upload Turkish audio tracks to your YouTube videos so I can understand you better?
Bitcoin is seeing relief, but structurally there is still no confirmation that a macro bottom is in. Iโm watching the 65K to 66K region as a major resistance area over the coming weeks, while still viewing mid-40Ks as a possible longer-term target.
#DXY #EURUSD #GBPUSD #AUDUSD #XAUUSD #Gold #Silver #WTI #NASDAQ #Bitcoin #BTC #SMC #ForexTrading #PriceAction
They say "Don't predict the market!", but in the case of gold, around 4400 are relatively equal highs that are attractive to price, and there's liquidity there. So the gold market is likely to face resistance there, then continue lower. Everything looks like a relief from the downtrend, merely a retracement before continuing lower.
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00:00 Weekly SMC Outlook
Thank you for your videos. They are always useful.
00:35 DXY
03:44 IC Markets Bonus
Hello Justin,
I would be more than happy, if I see a market analysis of yours on GBP JPY, and CAD JPY please. waiting for that ๐๐ผ
04:18 DXY Confirmation
05:06 EURUSD
โค
08:37 GBPUSD
10:40 AUDUSD
13:41 Gold
16:35 Silver
Great bro. You have really helped me as much as analysis is concerned . 99% of your market pre analysis is what happens
18:32 WTI
18:42 Free SMC Strategy
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18:54 WTI Long Setup
23:52 NASDAQ
Love it๐
26:27 Bitcoin
SMC LESSONS
Good video, but I have a question. The market moves because of fundamentals, not because of chart patterns. Last year and this year we've seen major moves driven by factors such as employment data, inflation, central bank expectations, geopolitics, and policy changes.
If those underlying fundamentals have changed substantially, shouldn't the outlook change as well? For example, the Iran conflict has de-escalated, which removes one of the key drivers of higher oil prices. At the same time, there are strong political incentives to keep energy prices contained and avoid excessive USD strength.
My concern is that some of the chart-based predictions seem to assume past conditions will continue, even though the fundamental backdrop is now very different. How do you reconcile the technical outlook with the fact that the drivers that created the previous move may no longer be in place?
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Disclaimer: This video is for educational purposes only and is not financial advice. Trading forex, crypto, and other markets involves risk and may not be suitable for all investors. Always do your own research and never risk money you canโt afford to lose. I am not responsible for any losses you may incur from acting on the information in this video.
Very helpful analysis. Thank you.
More User Perspectives
Love it !!! Again great video and thanks for covering Nasdaq! Looks like we are sitting on quite some nice setups, Oil and Tech waiting for some conformations and then get some nice trades in !!!
@PureneosoneThanks Justin! The best!
@mieamy7114๐๐๐
@MalikNaveed-to3imInsightful and meticulous... thank you Justin.
@stevespruce7332hey what do you think about the fundemntals bias for the DXY ?
@clyderod9925Hi Justin. First of all thanks a lot for all your contents, itโs really helping me with my trading. Grateful for your channel.
Would you be able to add on your weekly outlook also AUD/USD? would be amazing if you could.
Thanks, cheers from Australia
Jordan Roy said a bottom is in because of the positive divergence of GDX (higher lows). Does that support anything youโre seeing? Just wondering because you said that, according to the chart, thereโs nothing suggesting a breakout, which is correct however, perhaps these other factors are worth considering.
Also the Fed meeting is and of July. Perhaps things will align timing-wise with that meeting at month end.
Thank you
@TheFootballVibe-r2rCould you do eur vs jpy and GBP vs jpy ?
@kristianhelgesen4455โคโคโค
@malickndemanesene7318Where can I get access to discord?
@kashifrana204Thanks man!
@kaliem01๐๐๐โ
@remnant888Freaking love ur videos sir! Happy 4th thank you always!
@thenetgrinders1223Once again thanks for the great market analysis.. It helps us to align with yours๐ hoping for a profitable week next week.
@thapeloprincemakgaritsi6320Thank you
@bethwelodero1096You're price action or smc trader ๐ค
@Dia-fxYou're best Justin โคโค
@Dia-fxDo you have a video explaining why and what BOS and CHOCHS Do and when it happens what are they for?
@EmpiresFxVery nice and interesting video to watch โคโคโคโค
@josephufia5000Thanks for your hard work to teach us.
@Nazmat-x1iDo you ever trade DAX?
@zackelicousHi Justin, what do you do to avoid being stopped early by spreads hike especially during market rollover times or Asian session since most of your trades are swing not intraday
@DennisOtieno-z2tThanks Mentor๐
@QueenEsther3003Late for class but am here ๐บ๐ฌ๐บ๐ฌ๐บ๐ฌ
@QueenEsther3003How we can join the vip?
@AdriansheilaTkGs