 Hi guys and welcome to this video I'm gonna basically talking about some trading stuff as you all know my name is Dapo Willis I'm an FX trader predominantly I'm also a digital marketing specialist so I do a whole lot of social media marketing and a host of other stuff Ecom and all that but I am also huge on FX trading. Now FX trading was actually my first source of income online and I decided to launch this channel it's actually more gonna be one of my first it's actually gonna be one of my first videos back on YouTube because I actually appeared on YouTube for a long time but I am indeed back and I hope you guys enjoyed the content I'm gonna be putting out right about now so I'm gonna be going over a couple of currency pairs which I feel you guys should obviously have a look at don't follow my analysis to gospel obviously you're supposed to use my analysis in addition to yours for you to make a trading buyer so yeah so guys hop on to the chart and I'll take you over to some to profit or whatever just hop on. Alright guys so the first pair I do have in front of me is actually JVP USD now I was short JVP USD sometime last week actually I was short from somewhere about here I was short here all the way to this point what about here actually didn't realize that there was a major level of support somewhere I mean here so I was pretty much adding all my short positions somewhere about here I'll just take you over to the bar so that you can have a very good understanding what exactly I'm talking about so this was actually my short position I'm gonna show you my short position and then I'm gonna take you over to what exactly I have cooking for the week yeah so guys this was my thought process from last week yeah so pretty much we kind of have some form of lower highs as you can see although this is an equal high from here but I was expecting for us to roll over because we put in a lower low from this one okay so expecting us to you know come in here and then roll over and we did just that we actually started rolling over but we rolled over I was short from somewhere about here the break of this trend line was my short position so I caught this whole move all the way to the downside I probably caught about I would say about 160 some pips like a combination of like two different trades so I had another short position somewhere about here I caught up about 160 some pips in this entire move but you know then I saw the market start to react very crazy about here then I look left and I was able to reanalyze and I then noticed that this was a strong level of support and from the lower timeframe candles I was seeing some head and shoulder formation and stuff like that so you know that basically just said to me that you know this market was about to reverse somewhere here and indeed we did reverse for those of you who are for those of you who are active traders and who are also on this trade as well you'd also see that you know we did start to push all the way to the upside you can see some massive bullish engulfing candles and yet the market is pretty much trading here at the moment now the question here is where do we go from here now I'm just gonna break this down from all the way from the week so that we both are on the same page just getting my screen a little bit of time to load now good now why that actually happened was because of because of this okay so just let me give me a moment let me draw something real cool for you now because of something like this okay okay so you can see this is a previous trend line market was trading below it we broke it came back tested it once slid to the bottom now we're testing it again this was the actual reason why you know this market started push all the way back to the upside and then we're back here again the same thing happened you show you yeah so this is actually why you can see this previous one to it you know so right about here is where exactly you know we we broke out of this trend line came back we tested it but I know what time frame wasn't exactly looking like that's on the daily timeframe now the reason I'm taking my time to go over this is because I'm not just coming here to tell you guys how I was able to bank over 300 pips last week and you guys pretty much lost all your money I'm not coming on here to tell you guys you know how perfect of a trade I am I'm just basically going over the thought process of a trader okay so I thought okay that you know this market finally has started trading below this trend line yeah yeah that we're gonna bleed all the way to the downside however I feel to realize that this was actually playing now okay that this was actually a breakout and a retest and a continuation back to the upside you know so that's pretty much why I was really short now the reason why I was only able to bank between a hundred and sixty two hundred pips last week was simply because I did I was unable to I was unable to identify this trend line here and this major support level so it wasn't until I was wasn't until I saw this bullish engulfing candle right about here before you know what to mean like oh shit I think there's a strong level here let me redo my analysis and then I was able to identify these two strong levels before I was able to take my profit out so if if I to if I you know then if I allow the market you know if I took my profit out somewhere about here I probably have about 250 pips no doubt but you know it is what it is and usually a lot of traders come across issues like the scenarios like this you know whereby you know they're in a very very nice trade and then all of a sudden the market just spiked start spiking against them now a lot of people who who I give a lot of trade calls to my clients now I do give trade calls to a whole lot of HMI clients like high net of individuals for them to trade on their money people will go million plus pounds no trading of my analysis and all that so I have to be extremely careful and I also have to be very diligent in my analysis so I am on here explaining the thought process my own thought process you might sat there me thinking oh stupid for not realizing this but one thing I want to say to you that 95% of traders thought this thing was going to collapse and so did I so there's no issue with that however I'm moving forward that's in the past now moving forward what I have in front of me is what is looking like an ABC the pattern that's playing out on the GBP USD so if I just draw my my Fibonacci somewhere like so yeah if I just draw my Fibonacci like so you can see a very clear ABC pattern play now A B C you know D probably to complete somewhere about here so what this simply says to me that right here price action is pretty much in the middle of nowhere okay now price action is you know pretty much trading about here you can see doesn't there's a move that's about to take place between here to here to here to possibly here first so we've taken off with lifted up from about here we're currently trading here and we need to get here now it's an absolute no brainer so what you then do in this kind of situation is you scroll down to a lower time frame okay you scroll down to a lower time frame and then you actually come and see what exactly is happening because I'm so confident that this market is gonna head higher all I need to do is look for a trade what I say a trade set up somewhere about here and what is exact what exactly is going on here it's looking like a pretty decent range going on somewhere about here so I'm gonna grab this and I'm gonna map it out somewhere about here give me a moment while I map this out now the reason I could have pretty much analyzed this market before came here but I want you guys to understand what they call the thought process okay thought process of a trader is very very important okay so this is exactly what I have in front of me now so all I need to do is wait for this market to break this level once I have a full bullish engulfing candle right about here ladies and gentlemen we're gonna be heading to 1.3 298 1.3 298 is the next level upside target for GBP USD but before we do get there we're gonna have to we're gonna have to take out a very important level which is somewhere about here okay so before we get to 1.3 298 I'm calling GBP USD immediate target at 1.3196 you can quote me anywhere this is exactly where GBP USD is going to I'm gonna be getting along probably on the four-hour bullish engulfing candle close out of this range this market is bullish indeed let me see if I can slap on another Fibonacci from swing low to swing high this is probably looking like a 32.8 Fibonacci yep so this market just keeps playing up okay so you know that's GBP USD in a nutshell guys I'm absolutely bullish on GBP USD and one thing I did realize on GBP USD as well is something very interesting so I'll just take it I'll just take it I'll just take it yeah you can also see that the moving average is about to cross back to the upside okay moving average is about to cross back to the upside so yes indeed ladies and gentlemen we are looking pretty bullish temporarily anyway so I can't necessarily foresee what's gonna happen after you know we do hit here and hit here probably if we break a bulk here with my head a lot higher let me just zoom out on my chart probably had a lot higher anyway when we get to that bridge I'm gonna be analyzing and then I'm gonna give you guys an update of what exactly is gonna happen next but for now ladies and gentlemen GBP USD is bullish we're heading to 1.3196 after that we're heading to 1.3298 so you heard it here first my name is Dapo Willis my YouTube channel yada yada yada yada that's by the way anyway so that's GBP USD guys I'm gonna be heading over to my next period what do I have next in stock with you guys I have euro dollar now euro dollars actually on you I was actually trading euro dollars well I was short euro dollar believe you mean I will show you a dollar and then what happens to euro dollar euro dollar just starts to spin the opposite direction so euro dollars well I was able to bank about a hundred and something pips yeah how was I able to do that well I saw that this market was pretty much in the downtrend consolidation push to the downside consolidation push to the downside consolidation push push push down sideways movement try to push lower push back into key level of resistance and then we push lower so it was literally at this point where we started to push lower yeah I just drove my counter-trend line like about here so we did we did have a fake out okay well we pushed back into counter-trend line support we tested this level again and came back came back down here now the moment we broke here I said okay I think it's about time for us to start bleeding all the way to the downside so it was literally at this point whereby I said to myself okay it's time to start heading all the way to the downside yes I showed it the market somewhere about here let me just zoom in for you guys to actually see I showed it the market somewhere about here and I pretty much caught the bit all the way here to this you know pretty much only to this red candle and then I started to see some bullish momentum all the way back to the downside back to the upside rather I'll probably could have caught more pit but like I said like something that happened to me with JVP or speed I feel I have no idea why so this is where my my support level was drawn was drawn talking about here I was expecting this market honestly speaking yeah I like to be very honest like I can't just come up here and just draw my level here and be like oh I knew it's gonna turn around it that's a lie what actually happened was I drew my trend of my support level about here drew it here and I was expecting this market to come all the way down here for me to take my profit was an absolute no brainer trade but you know this market just has a way of doing things anyway so you know the market started to stall about here I noticed some you know some crazy amount of candles if you came to the four hours sorry about that if you came to the four hour I just come over to the four hour if you came over to the four hour you realized that this market went went from you know just spitting spitting spitting pulling back spitting to just pretty much doing a madness okay and obviously I spotted some something that looked like well wasn't really a head and shoulder something of that sort and then I was like think the market is about to reverse so I decided to take my profit take whatever I had with me to take back my profit and you know put it in the band you know had a decent Friday had some nice withdrawals and that's the most important thing this market take what you can take and get the hell out of this market but sometimes you cannot be an absolute beast however this week I'm planning I have every intention to tame this beast every fucking intention to tame this beast so now moving on what I do have in front of you now back to what I was saying thought process so I'll break down my thought process so that you guys can understand exactly what I'm thinking at the moment now let me zoom out so that you guys can actually have a fair idea what exactly it's like now since we have literally turned around here right about here safe to bring my my my yeah sorry about go carry me a little bit now this exactly this right in front of me right now it's looking like a double bottom okay double bottom usually what happens is once we're able to make new lows that we make a double bottom usually we start to head back into previous highs okay I'll take that again once we fail somewhere about here so this market is collapsing all the way to the downside pull back this little like fifty three really nice fifty feet from here anyways and then we're supposed to push all the way to the downside once we come here at the hundred feet we don't push to the downside we stay here we stall here then we start looking like we're about to head higher what usually happens that the market is actually trying to head higher that's the problem with most traders is that they're probably in this trade and they wanted to head they just wanted to continue going in that their favor and their direction and they failed to see the little clues that the market is actually giving them that listen I'm done with this move I'm done okay so the market is pretty much saying that it's done with this move and it's now pointing as you can see we're pointing pointing pointing to the upside so what I then do is ask for so now we know that this market wants to be traced all the way back to the upside very simple I'll come down to my four hour and I'm gonna basically see what's what's what's market going to stop for me well what we're going to talk to me okay so I know that the next level of resistance is somewhere here I can see also see trend line resistance you know belting all the way to the downside now it's an absolute no-brainer let me just take this out one second it's an absolute no-brainer I this market is gonna head to the upside there's only one direction there's only one place is gonna head into this this only one place is gonna head into which is here because I've got confidence I've got resistance and I've got I've got trend line resistance and I've got actual resistance so same thing with you viewers do all I'm gonna do is I'm gonna wait for four hour break above this and then ladies and gentlemen we're gonna be heading to one point one four two eight zero yep hurry here first so yeah that's your dollar ladies and gentlemen no nothing to panic about among my risk I keep them very low anyway between one to three percent I'm gonna risk in just one percent on my on my account this because this is pretty much looking to me like a counter-trend range trade so it's just just pretty much how I like to see things okay so let me see if we've got any moving average crossover just yeah no it might be a bit choppy so I've not seen any moving average oh shit it's not happening guys one of those things alright so I'm very confident in this trade like I say you guys always have to do your own analysis in confluence or in addition to what exactly I'm talking about because my analysis isn't exactly gospel you know I'm a trigger as well so my duty here is to come and give you guys a thought process although I'm quite profitable I must say I must recommend myself I'm but but but but but you have to remember to do your analysis as well in confluence with this one so the guys that's your USD in the nutshell I'm gonna be headed over to what do I really want to give you guys today so I would give me to you as the euro USD I wanted to give you guys USD CAD but USD CAD isn't exactly really cooked at the moment you get me still I'm trying to simmer it okay if the season is trying to get into the body give me so I'm not really working on USD CAD at the moment so I'm gonna give you guys one last analysis which is SPF so a S&P 500 now don't forget euro USD buy GBP USD buy okay don't comment my Instagram and come and be asking me oh that's what am I gonna do euro USD up or down GBP USD up or down I hate those questions just freaking watch the analysis and you know you just do your thing man okay so the last one I have in front of me is SPX SPX is pretty much the S&P 500 which represents the top five stocks of the American stock market okay so I'm gonna come to basically I just want to show you guys what exactly is happening there isn't any real trade opportunity at the moment so SPX is in this crazy uptrend okay now SPX I must say SPX try to break you know we did try to break this range and I was quite excited after this double top what I did was I brought out my countertrain line and I drew it like this okay so imagine I was shot all the way here our you know we had this sideways movement we broke to the downside broke the range I was really expecting some real moment some real momentum to the downside but I did realize eventually that there was this long ass trend line this trend line has been dating back to 2009 2009 tapped it again in 2011 tapped it again in 2016 tapped it again in 2018 so obviously 2019 this this will actually happen in sometime December of last year so yeah so I mean the downtrend is pretty much canceled I was able to buy that least think 350 pips on this move because I've got short somewhere about here my stops were all the way at the upside here and then it wasn't until I started seeing some green kind of like you know something's not right and I banged on the trend line and then I saw this massive trend line going all the way to the upside and then we did we did test it and tested it and then the market has just been bullish ever since now that being said you as you can see is a no brainer the next level target for this market is 2887 I'm going to try and scroll over to the to a lower time frame to see if I can get a refined entry I think we might be heading into temporary resistance at the moment I might not exactly be interested in this pair because okay we have temporary resistance once we break it then we're coming in so I don't really have space that much space for me to be trading this pair at the moment so I'm gonna leave that but that being said SPX if we take out if we take out current resistance which is that 2,900 2,900 if we take out 2,900 ladies and gentlemen the next level target is 3,300 okay S&P 500 might be making a record highs obviously with this whole Donald Trump talking about bringing jobs back to the US okay S&P 500 might just be heading all the way back to the upside so you know ladies and gentlemen that is my analysis for the week alright guys please do subscribe to my YouTube channel as you can see I have got just three videos on there but I'm gonna be putting on more videos I'm gonna be dropping at least two to three videos every week now I'm gonna be talking about effects trading stuff and I'm also gonna be talking about online businesses so from social marketing to e-commerce and all of that good stuff basically how you can make money online so I have all the skills that I've acquired over the years I've been trading the effects market for about eight years now seven to eight years and apart from that I also I also have other businesses I also have an e-commerce store also have a whole lot of other stuff so trust me subscribing to this channel is really gonna help you for both foreign traders and people who want to have online businesses as well so please do subscribe and you can also check out this video is called inside the life of a trader I showed this in in London it was absolutely absolutely crazy it was a really nice house that you know that we that myself and my trader stayed in for the summer so it's absolutely cool having really really nice matching so please do subscribe click the subscribe button anywhere it is on your screen please do click it and I will join you guys again probably another video this week or probably joining you next week but trade or talk that the theme of this is for trade or talk so I'm gonna be dropping and once you see trade or talk just now I'm gonna be talking about ethics so don't forget euro USD long okay GBP USD long euro USD long GBP USD long these are my two trade calls for the week ahead alright guys goodbye and God bless cheers