In this Rally Academy daily market analysis video, analyst Simon Alagbe reviews the EUR/USD pair on both daily and 1‑hour charts, highlighting a strong rejection zone that suggests a bullish bias. He cross‑checks multiple proprietary templates, including the Fresh Pips 2019 system, which also signal a buying opportunity. Alagbe then evaluates the risk‑to‑reward profile of entering a trade at the current price, noting that a direct buy would offer only ~15 pips reward against ~50 pips risk, making it unattractive. He proposes waiting for a breakout above the recent high (around 1.08992) and placing a pending buy‑stop order with a stop‑loss below the prior support and a take‑profit near the next weak resistance at 1.09313. The video walks through the exact steps to set up the pending order in the trading platform, concluding with a cautious optimism about the trade.
Chapters
Good day, welcome to Rally Academy's daily market analysis. My name is Alagbe Simon, a market analyst with Rally Academy. This morning, the 22nd of April, we would be looking out for trading opportunities on EUR/USD. So let's take a look at our charts. Okay, so this is EUR/USD on the daily chart, and if you are looking at this instrument on the daily chart, you would discover that there is a strong rejection around this region on this instrument, and this can only be pointing one direction to us on this instrument. Let's also look at it on the 1-hour timeframe. Okay, so this is the point I marked out on the daily charts. We can see that EUR/USD has actually been respecting that region, not just this line, but region around this line has been respected by EUR/USD. Let's also look at it on the hourly chart. Exactly the same thing also on the hourly chart. Let's also check our some of our other templates to see if they are also in agreement for a buy trade on this instrument. Let me quickly go to Fresh Pips 2019. Okay, so we can see this signal here is telling us that we should be looking out for opportunity to buy EUR/USD. So everything is pointing to a buy for us on EUR/USD. Okay, let me return back to the The other template I was on. Okay, so if you observe at this time, would see that zero USD is very very close to this resistance, and the resistance might also resist price from this region, even though all our analysis is pointing. To an opportunity to buy EUR/USD. It will not be too safe for us to place a buy trade right from this point, especially if we are considering our risk to reward ratio. Reward from this point is about 15 pips, while our risk— because we should have our stop loss below the last support, and our risk is very close to 50 pips. So it's not worth it to have a buy trade from this point. We have to allow EUR/USD to go above the recent high, and the recent high on this instrument is around this region, which is slightly above this— the high of this candle. So if we can have a buy trade from this point and then target this weak resistance that will be a safer bet for us. And we have our stop loss below what would have turned to a support at that time, somewhere, somewhere around this region. So our risk to reward ratio will be far better at that. So let's, um, take advantage of this opportunity. Let's set the pending order on this instrument. Okay, so we go to New order. Move to pending order. Then we change this to a buy stop because we're expecting EUR/USD to push above and then continue to move higher up to this point. So we have the entry price, which is this price here, 1.08 992. So we have that. So, so it's also important for us to add our take profit to this instrument. So we go to modify or delete order. So we have our take profits before this weak resistance. Let me also mark out a point before the weak resistance here. So a point around this side is good. So we add that as our take profit. Modify or delete order. Then we have our take profit as 1.09313. Modify that, and our pending trade is waiting for EUR/USD to surge higher, get to this point, and then activate the trade for us to make some money on it. So do have a very good day today. I and endeavor to make some money on EUR/USD. Thank you.
