Jordan reviews six currency pairs and Ethereum during volatile markets, comparing conservative and aggressive entry points. He emphasizes waiting for pullbacks, respecting 1:1 risk-to-reward ratios, and avoiding trades without clear ABC patterns or indecisive candles.
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Hello everyone and welcome to another SRS Pro weekly summary video. My name is Jordan, and as you probably know by now, we're going each and every week— excuse me— uh, over this table showing some of the interesting Setups and examples that we personally find interesting, of course, according to our trading style. And that means since the previous week was 14th up until the 18th, that gives us up to euro dollar or down to euro dollar. Let's start from the top now. First of all, increased volatility, right? At least the yen's started moving. Some of the Pacifics also followed. But overall, after this pause of around 3 weeks or so, the market is now back to a bit more volatility, which for a trader, especially the intraday trader, that would mean more trading opportunities. So there we have it. Now, the first thing I'm going to talk about is, as I said, Ethereum versus Um, here I can't say that we have the best opportunity in terms of the breakout, right? If we look at it as trendline breakout, these conditions I don't like. This is a very, very tiny spike there crossing just slightly below it, which means for me this is a skip definitely if I'm going to be trading it with a double wave structure here, ABC, right? On the other hand, you have this zone and that zone, which for some reason plays a crucial role for the price. And when we draw a small rectangle, um, around these levels, we can see that the price created the ABC going above this zone, reaching the next level, and this is where it got rejected, creating of course the ABC and then push lower. Now after the push lower, we can see that the price is going and closing below. Even though this candle is still blue, this is a close below here, right? Um, in terms of classical candles. So on the very next candle, we're getting this red one. And again, the size of this candle here I don't like much because this is a doji candle. And when we have dojis, that usually means Indecisiveness in the market. So for me personally, this could have been a skip very, very easily, even though I can see the logic behind it and why someone with a bit more tolerance for risk could be trading it. Pound yen. Now, as I said, the yen triggered a lot of moves previous week. And here it was like mad moves to the downside, right? So on the higher time frames, we, we've seen that the sentiment switched pretty quickly. Those 2 very bearish. And even without looking at these things on the higher time frames, we can see that it's pretty much flat when it comes to pullbacks and then continuation. Aggressively to the downside. In terms of the setup, again, I don't find it very attractive because first of all, you don't have ABC breakout here. It's not even close, right? The only thing you might be looking at again is a breakout below this zone. Basically, the price goes above, consolidates, holds above, starts pushing, it reaches the next level Then it starts hesitating, going back to this previous level, right? This is on intraday time frame, but the logic is the same. We have levels and the price is bouncing in between them. So once this level was broken, now you have, in my opinion at least, much better candle here, okay? And, uh, basically this is where it was triggered, right? Again, for me this is a skip. I would simply be waiting. I'm not sure where the low exactly is, but I think it's this point here. So I would be waiting for the price to go and cross, uh, that zone before I go ahead and sell it. In terms of risk-reward ratio, this makes sense, right? If you sell it here, down to here at least, so you will be getting 1:1 at least, plus Spreads, commissions, whatever. Um, so it will be definitely fine. Aussie dollar, 15-minute. Now look at the sentiment. This is pushing to the downside very, very strong. A 1-hour chart in terms of momentum is pushing up, but this is still fine, right? And here, look what's happening. Tiny push. Very slow to the upside, and then bam, massive, massive sell-off. So this kind of conditions in some cases would be hard to be traded. Uh, here we don't have ABC, and ABC would look like this. Here we have one wave to the upside, push, pullback, and then step trading kind of setup, right? That would be the one. So besides that, let's see, next one is Kiwi franc. And for Kiwi franc, we had a pretty classical situation. This is the push to the upside, in my opinion at least, uh, 15-minute chart. If this is the last, uh, consolidation, of course we need to go ahead and check out the larger time frames. But here you're also going to be looking at A five-leg structure on its own, starting from that point, which means this is the fifth wave, right? And it's kind of clear where it's going. So this is the fifth wave. When you understand a bit of waves analysis here, you might be actually pushing your target slightly higher, right? Based on this one, plus of course the pure risk reward ratio. In terms of the actual entry, I would not be buying here. I would definitely be waiting for maybe 2, 3, 5 pips going down to this zone. So something like this, okay? Miss or no miss, I don't care. I would be simply waiting for a bit of a pullback here before starting the attack, because these few pips could be the difference later on. between, um, target and no target, right? If this is the 5th wave, you can be expecting deeper pullbacks. So those would be my, uh, thoughts here. Then we have— I cannot see which pair is that— dollar CAD. Okay, um, what do we have here? Again, massive push to the upside. Coming after this, a bit slower market, right? And then the price started forming consolidation, consolidation in terms of the whole thing. And if we look at it this way, that could be a corrective pattern push. Now notice this candle, it's pushing up and a remaining red. And this is a bit weird situation, but only on the next candle it managed to turn to blue, and this is where the signal would be appearing. Now, in this specific one, would I be waiting for a pullback? I'm not sure because this is the middle point of the ABC and we kind of closed right there. So that's basically the first line of support, right? It might be pushing lower because this entire thing is a zone. It might be doing this, it may not be doing that, right? It's very tricky. So I would be definitely measuring the risk-to-reward ratio from here to here where the previous swing is, and if it's good enough, I will be taking it. If I need just a few pips, I might give it a shot to, to give it a pullback, so This target comes here where the high is, not above the high. Having the target which is slightly above the high is usually not a good idea because the swings— be that my swing low or swing high, doesn't matter— once the price gets to these swings, in many cases, without going into any details, in many cases you will see the price coming to this level and then bouncing off. And if your target is just a few pips above it, you might be making a winning trade into a losing trade or break-even trade. That's why I like to have 1:1 from my entry point towards the swing high, so I can manage the position once it reaches this level. Now in this case, it is shooting up, right? It's perfectly fine, but in general It's a good idea to follow up on these things. I think euro dollar is the last one. This time we have the one hour chart. Now here it really depends on how you're going to draw your trend line. If you do it like this, it's definitely not worth trading it, at least in my opinion. Because then what? I mean, even if it continues like this with a lot of momentum, you're breaking here. This is your stop. This is your swing low. And these situations, we just spoke about that. I don't like it. Okay. Now, if you're looking at this, however, which is the most recent wave to the upside, I will start agreeing for the sales because now it makes sense. Of course, look where the red candle occurs, which is the signal much, much lower. So in that specific scenario, I would be looking for pullbacks. And then the sells. This is also where you have a breakout of the critical ABC point, right? It's closing below, but by all means, I would be waiting for at least to pull back up to here somewhere. This is the zone, this is the level, at least that. And once again, that's approximately where the trend line is. So not ideal. Not ideal, but still you will be halfway there, right? Um, that's about euro-dollar. By the way, here you have it. It pushed a bit higher, which is good, but if you're patient enough, you will be getting the trigger slightly above, which is good. Okay, then you have clear 1:1. once the price starts pushing lower. All right, that would be all for this week. If you have any questions, don't hesitate to ping us, find us, and we'll get back to you as soon as possible. Have a wonderful week. Thank you.
