 Hello, what's going on people my name is Mark and I like to day trade swing trade that sort of thing So that's what you'll find across this channel. I'm actively trade forex, but a couple of the USD pairs Today I'm talking about euro USD. They've actually got some really nice horizontal patterns are really consistent so that's what I've been looking at the GBP in the USD is quite a good and Also the euro and the USD's been looking quite good So I thought I'd just give you my thoughts opinions on this and when I'd potentially be looking to buy And that sort of thing so if you look here you can see we got this consistent kind of horizontal pattern Over the past couple of months over the past about six months, which is good. Obviously you can see it's it's been on an uptrend Since then right so it's it's been on uptrend. It's kind of been on this horizontal pattern for the past Maybe slightly less than six months maybe about four months So let's go ahead and start with the Supports from resistances right so with the support some people like to just draw it at the very bottom of where it's been Right, so you can see it's right here, but I just tend to look for where it most consistently Bounces off right so that's probably about there. So that's three times, right? Can you see that? so you can see that It's hit it here It's it's cross slightly blight here, but it's still kind of work this way and then here it's hit it and then here It's hit it right and then if you look most recently which It's on the 20th so about three days ago We kind of touch close to this level again, which is one two two three six, right? And then you can see from there. We've had a couple of green candles This set off got rejected hard. You see it's pushed If we make that a little bit bigger you can see it's pushed all the way down on this candle here Right, can you see the end of this candle is pushed all the way down and that's been rejected and It's come all the way back up since then Right, and then let's draw the Resistance in so probably around here about this level here can see that it's hit it here bounce hit it here Hit it here hit it here, right? So you can see there's a decent margin for profit as well, okay? so I mean realistically if you if you just wanted to kind of take a guess or Be a little bit more aggressive than now wouldn't be a terrible time to buy You can see that we've got some green candles Looks like it's been consolidating a bit around this level here kind of a bit sideways movement for the past two candles But there's nothing that's gonna stop it There's realistically there's nothing that's stopping it from pushing down to these I want you to a 8 levels even even down here Even I mean it could drop all the way down here for you know, right? But I mean that's what we do. So there's a couple of other things that I like to look at so As always as I always say If you aren't familiar with this is moving average there'll be like videos about it and I've got links in the description That will that will help with that So what the 180 and just to kind of you can see sometimes acts as a resistance not super relevant here It's all about identifying the patterns for each one. There's not like a hard and fast rule For each but so look at the 15 period Exponential moving average was a little bit more sensitive. I do that on green because you know the color of money and all that Right, so if you have a look here Especially because of this kind of consistent horizontal pattern if you look when there's a strong break above the EMA We tend to see this uptrend pattern, right? So it does a break here as an uptrend break here as an uptrend Break here uptrend, right? And then when the candles trend below We typically see this kind of downwards pattern, right? You can see break above and it's up break above and it's up and because it's at this This support point right this quite this quite low support point I would imagine and this is my opinion once it breaks above the EMA here We're gonna see it push up to these levels again, right? Which is gives you a decent margin profit margin margin for profit Okay, so this this is kind of plan it safe if you wait for the break above the EMA Then that's a good sign that we're gonna get some upward momentum on this a couple of other things You can look out to make sure that you're getting a good deal, right? Because I think sometimes people over complicate like stocks and Forex and and that sort of thing right and basically all you want to make sure that you're doing is You're getting a good deal. Okay, and these are the steps that we can take So for example if you went into the shop and bought a loaf of bread and they was trying to charge you 20 Bounds for it you you'd probably know that that's not not a great deal for that loaf of bread, right? but But that's because you're aware so you just need to do things that make you make you aware that it's not a Good deal or if it is a good deal, and I hope that analogy kind of made sense. So you can see on the RSI as well That it's oversold which is another good indication that it's probably gonna take a turn up, right? So this is this is a good indication that it's a good deal to buy Now but as I like to play a little bit safer and wait for the confirmation break above the EMA Another thing we like to look at is the MACD as well And wait for these candles to curve in so you can see that the MACD has which is a good sign You can see that the the red histogram has been moving down Right, and then you can see these candles are starting to curve back in We're getting the green sign curve back in and then once they curve back in You'll get the cross on the MACD and the signal line, and then it will come in for a buy Hopefully break above the EMA and the RSI will turn and start pointing up and then once you get all of those three things That's I mean that's as close as you can get to like a guaranteed. I don't want to make any promises But that that's a pretty good sign That it's gonna be a nice Push up to to previous levels that we've seen so that's my take on it That's how I normally trade my stocks as well Just kind of dabbling into Forex and I'm gonna apply the same strategies I use the stocks and Forex and just gonna see how it plays out I've had a little bit of luck so far If you enjoyed this video, there's playlists and I do weekly breakdowns on the stocks and stuff that I'm trading I'm also doing a challenge at a minute turning two and a half thousand dollars into Ten thousand dollars and at the minute we're about three and a half thousand so in a week five days So if you're interested in that check out the channel subscribe like the video and Yeah, I mean I hope it was helpful. I hope it was helpful and I will catch you guys Some other time. Thanks for watching