Weekly Forex Forecast - CW52 - Dec. 23.2024 // DXY, EUR, USD & MTF Analysis

#forexforecast #fxtoppicks #forexanalysis
👉 Access to My Live Trading Journal: https://kalganid.com/

The Weekly Forex Forecast shows my favorite currency pairs for trading in the upcoming week. Using a multi-time-frame approach, I illustrate my market approach.

I always start by looking at the DXY and then provide a brief overview of my top picks. Although I actively trade a total of 28 currency pairs, 7 commodities, and 8 indices, I try to narrow it down to no more than 8-10 pairs to monitor closely each week.

I employ a price action strategy and primarily trade continuation patterns. However, in certain instances, I seek to exploit market mispricing. If the price is overextended and aligns with a common price action pattern, I also trade these opportunities.

Generally, I avoid trading high-impact news events, especially with funded accounts, due to the high risk of unexpected slippage.

Remember, technical analysis is subjective; develop your own approach. I use this format primarily to hold myself accountable and to share my personal market views.

Ensure you have your own risk management in place and always stick to your trading plan.


Timecodes:
0:00 DXY
3:02 EURUSD
6:05 AUDUSD
7:52 NZDUSD
8:50 USDCAD
10:00 EURJPY
11:35 CADJPY
12:25 EURAUD
14:40 EURGBP
16:40 AUDCAD
17:58 NZDCAD
19:24 NZDJPY

Helpful Resources: 👇
Trading Hub → Kalganid
https://kalganid.com/

Trading, Forecasting & Back-testing Platform → TradingView
https://www.tradingview.com/

My Trading Journaling → Notion
https://www.notion.so/


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FAQ:

Shortcuts in Video Titles:
TP – Take Profit Reached
SL – Stop Loss Reached
BE – Break Even
MT – Missed Trade

Color and Line Usage in Charts:
VA – Value Area
Liq.P – Liquidity Point
PA – Price Action
BO – Break-Out
EO – Entry Order
LTF – Lower Time-frame
HTF – Higher Time-frame

Violet horizontal Ray – Area of Interest
Violet rectangle – Gap / Area of Significance

Green Path – Preferable PA
Orange Path – Acceptable PA
Red Path – Alternative PA
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⚠ DISCLAIMER:
All content on this channel is for educational and entertainment purposes only.
No trading recommendations or financial advice is provided.
This channel does not offer any signal service.
Trading foreign exchange involves a high level of risk and may not be suitable for all investors. Before investing, carefully consider your objectives, experience level, and risk tolerance.
Any ideas, methods, and strategies discussed are solely my personal opinions. Any trades you make are at your own discretion. I am not liable for any loss or damage, including loss of profit, resulting from the use of or reliance on information provided on this channel.
Always conduct your own due diligence before making any investment decisions.

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