Best Top down analysis in forex/weekly outlook for eurusd, gbpusd & Nzdusd (500+ pips)

Intro Traders welcome back to my channel in this video uh we are going to be doing a top down analysis right we are going to be analyzing currency pays EUR US dollar gu New Zealand US dollar price 10 perit SCH and other that so we want to learn how to do a proper top down analysis and then to forecast EUR US dollar GPU guys you're going to get amazing setups for the week for those people followed my analysis of last time you should have probably make some good stuff from the market so it doesn't matter what Market your trading make sure you learn how to do a top down analysis from this video because it will help you C some tips you learn you know mix with smart money concept and other uh very entry models that will help you so make sure you watch to the end and if you are new to this channel make sure you subscribe by hitting on the Subscribe button and notification Bell so that you don't miss out okay welcome to my channel I am full kingle by the grace of God I bring you guys strategies tutorials on the Forex Market volatility indices metals like go NASDAQ vix75 many other instruments you want to subscribe to your channel by hitting on the Subscribe button and notification Bell to not miss up so NZDUSD let's begin with New Zealand US dollar right so in the top down analysis we go to a bigger time frame like the weekly right so from the weekly time frame we are going to identify our major support and resistance right because there are key levels where we are going to be using in smaller time frame to Target so we mostly we usually use our trend lines for instance like here we can has already identify Dynamic support and resistance zones here right so we make sure we connect them because it's guide going to guide us to know where our price is going to be moving to where we are currently at right and in smaller time frame where to be targeting so you look at it already you can see this is you know a support here which price has rejected tries so if you look now above we can still use our trend line and then we do we make sure we make we get a connection right so we want to adjust so that we get as many muches as possible so if you connect this is what we are going to get from that bigger time frame all right so here we already have an information at the back of our mind that we have price rejecting above rejecting below rejecting so we have this kind of symmetric triangle pattern so from here we already know that there's a bigger um you know probability of price moving down here because it's actually moving this pattern and could finally break upwards or break downwards so at this point in time we already have this information at the back of mind so we proceed now to a smaller time frame like the daily now in the daily time frame you will see very well you are going to see we have rejections right I think I made some of this analysis earlier on but I want to do this detail so that you understand so if you look at it you're going to see in a daily we have a key rejection here right so this is a key resistance here price has rejected once twice tce so price has not be able to break off from here for a very long time right so we Mark out this one as well right and then if you have any other zones we can still Mark out as well because these zones are going to probably act as mejor support and resistance and the reason is because a top analysis the zones that we Mark in bigger time frame controls those in small time frame so you don't Focus only in small time frame a trend line here will do a lot so here we already have this pattern here price has already closed below here right you can see we have a double top pattern already and a double top pattern form in a major resistance Zone like this which is also a weekly reversal is a sign of a downtrend so now let's drop to the H4 from the H4 time frame guys we already have the information here we have this key zone now we have what we call change of character right so if you look at it very well you can see that here this is the low lowest point that led to this high and price after pulling after reject into that key Zone we have price change character and it has closed below this Zone here and you know in the span money concept or what we call Market structure we can already identify this to be a change of character which shows an indication of a switch in Trend to a downtrend so we already know that right we took some trades here last week and we actually posted in our channel for those people who follow to know right so basically this was what the demand Zone that we identified here or this is the other block that we actually identify here and we took our first trade based on this price Dro powerfully and I actually posted a video of how many thousand of I made from this trade right so if you go further now to the H1 you are going to already see now that we have our downtrend that has already begun right we already have that transformation so at this point in time what happened we have price already creating series of what lower lows and lower highs so if you look you see price creates a low lower high low lower high so this is probably a pattern that's going to most likely continue right so at this point in time what do you think is going to happen next at this point in time price is pulling back from from an impulsive phase we had what a break of structure so price has broken structure below here right so it's just combination of many factors to know we have a break of structure to the downside and price has created this low and it is pulling back now if you look at it critically you're going to realize that this is what the demand Zone that we have here isn't it so this is the demand Zone that we have here and price has already rejected before the market close remember I took this trade this trade earlier last week right and I posted I posted it in the channel so you guys can watch I already to be straight price pulled down and I closed so when it came back again I actually marked out this Zone here because this was the first Zone that was price rejected from and I actually entered again when Market was about to close last week right and I'm currently in this trade now so basically we expecting price to drop because we have this imbalance and price has reached this other block here and then now if you go back to the h410 frame guys you are going to see something in the h410 frame you can see that here we have kind of equal pric is actually rejecting from this key Zone here right in fact let's go to the H1 10 frame and then so that we can see the zones better right so if you look at it here we going to see that we have a trend line above there right this is kind of a trend line if you connect from this high here right connect from this high you are going to see that price actually is in fact let's go back to the H4 time frame or the 2 hours time frame from the 2 hours time frame you can easily draw it right you get those connections there so if you connect this High Plus this plus this right you're going to see that this is the fourth time price is coming back to hit so if you're trading based as a trend line trade as well this could also be an indication that price has reached this Zone here okay and then it's also a sell because we already know that we are establish a downtrend right so basically that's how you can do your analysis based on whatever Market that you're doing we already know that we are looking for Sals guys if you are looking for maybe change of character confirmation s time frame here you can be waiting if you do not enter this trade you can wait for Price build up maybe build up and then pull back to this Zone because we already have a change of character in a smaller time frame here right we don't want to dwell on this because we are not just talking about this particular concept but understanding the scope the market in general this will help you you know cat very good trading opportunities here we can wait for price to pull back and then we are entering and then cashing that down move there for those people who trade based on Smart money concept uh you know change of color and all of that so basically that's how you do your analysis guys and you're able to know what is happening in the bigger temp because price is most likely going to go down because here we have key or major factors that are pushing price down but for people who do not do this kind of analysis but here they would have continued buying not knowing that we have a key weekly Zone daily Zone as well that can push price down and this change of character is a result of what happened in that particular time frame right so basically that's it guys so now let's quickly look at EUR US dollar now EURUSD if you look at Euro US dollar here know we have similar patterns okay let's go to a big time frame we have done this analysis in the past guys and if you see we are probably seeing that okay price is rejecting to these key zones okay so price is rejecting to key zones here if you connect like this let's start from this high here right we always want to adjust so that we can get as many touches okay you are going to see that price is also moving within a pattern right we have a pattern here which price is moving within all right price moved down you got rejected it mov down it get rejected and probably is a possibility it can move down again now if you go again to the weekly you going to see something similar now in the weekly you even see a better way of analyzing right from the weekly you can start from this high you drag down okay from here because you are just trying to get as many touches anywhere you see price reject more than once right it can already give you a clue that price is going to reject from those zones there so you can see those are patterns in which price is moving between and now you see that price when it hit the top it goes down when it hit below it goes up right so basically that is it and now if you go forther let's not let's just jump and go to smaller time frame you're going to see that we also have a change of character as well right we had change of character price after reaching this weekly Zone price started dropping it broke structure came back rejected and then here we have a key Zone guys this a setup that is potentially we going to be looking at this is a key uh setup here that we are looking price has broken structure here right price has broken structure as you can see in this Zone and then created this low here and it's pulling back and if you look very well we have liquidity that is being gathered Above This Zone here and then we have our key demand Zone I mean our key other block there which can also be considered as you know a supply zone right so if price move up here it'll be a good sell for the week right that's how we are forecasting and then if you look at gu GBPUSD for instance gu we have similar patterns right G if you look at the bigger time frame this is what is happening in bigger time frame price is rejecting from a very important trend line in the bigger time frame Guys these trend lines in the bigger time frame are very important always pay attention to them and also even a horizontal support or resistance they usually play play very huge role in determining where price moves right so you don't want to be ignoring them right so if you look at it here you're going to see that okay this is what we have we also have that pattern in a bigger time frame so in this bigger time frame we saw now that price is also moving with this part and price has rejected above the next move is to move down and that is why you see that price actually B structure now from the daily you see we have something almost similar to that of New Zealand US dollar we had what a double top here right at this Zone here and at the same time this that was the Zone where we had our horizontal resistance right look at price has not be able to break through this zone for a long time look at guys right from March right price came rejected rejected and now if you go now to the H4 time frame you are going to see that we had what a change of character as well so we had a change of character here right after price created this high and remember guys I told you guys that there's always a factor that cause a change of character change of character should not be tra traded if you don't see a major factor like a daily time frame or a weekly rejection like this price don't just change for nothing for those people who do not do weekly analysis will not know why price has just changed because currently or uh previously we had an up trending Market what happened that price all of it St just changed to down trending Market is because of what happen bigger time frame that's why this top analysis is important and if you look very well you see guys price drop broke structure created demand Zone this is a demand Zone here a measure Zone this was an amazing trading setup price came back rejected drop so you should be able to to have CAU this trade if you did this analysis before remember this analysis not just to forecast the weekly what is coming the next week it's also to help you to know how to analyze the markets right so here this would have been a good trading setup and what happened price broke structure again so after price broke structure what happened he came back again and then rejected again in another demand Zone look at it guys price came back again rejected in this in fact it was in an other block here this time around price came to I mean a fair value Gap and rejected and dropped again and what happened it broke structure again the third time so when price broke structure the third time what happened it left behind what another other block here right which is very important and now if you look at it very well price is building up with very good pattern creating what liquidity above it's creating liquidity Above This Zone here and if price comes and tap to this Zone guys this will be a very good probability trading set of price so this is a good setup that if price comes we are going to be shutting and remember this not investment advice guys trading is made up of risk and you can only afford you know to invest what you can afford to lose so make sure that you trade with caution guys thank you so much for watching if you found the video helpful make sure you give me a thumbs up subscribe to the channel and like the video see you in the next video you