Stay updated with our weekly market brief, covering the latest economic data, central bank policies, corporate earnings, and geopolitical developments affecting global financial markets.
This week's market brief offers a comprehensive analysis of the key events and trends impacting financial markets, including U.S. economic data, Federal Reserve insights, corporate earnings highlights, and global geopolitical tensions.
"Welcome to today's trading insights, proudly sponsored by Falcon FX"
Good morning. We've officially made it to our 100th edition of the newsletter! None of this would have been possible without you, our loyal readers.
To celebrate the big 1-0-0, we figured we'd do something special for you guys and share our so-called "Top 6," or the top 6 pairs for the week ahead,provided by Falcon FX.
Top 6 Pairs on Watch
EUR/USD
LONG
EUR/AUD
SHORT
NZD/CAD
LONG
NZD/USD
LONG
AUD/USD
LONG
GBP/AUD
SHORT
MARKET THEME OF THE WEEK
Weekly momentum acting as a clue
The trickster market: One of the things I love about the market is that it can deceive you in so many ways.
Notice how many red days we had in a row on the DXY. Do you think it's likely that the market would move downwards 7 days in a row? Probably not... you would expect a pullback and maybe you would position yourself accordingly.
Message from the market: We had a full week close on the DXY with a full bearish engulfing, in addition to a mini inflection point in which the market has closed fully through. This has opened up the possibility of the range following through to the bottom. Therefore, if we do get continuation in something like this, we shouldn't fear trading it.
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Theme: EUR/AUD develops a lot of structures that can be taken advantage of. I would definitely recommend backtesting this pair to see just how much opportunity it provides over time.
On the daily: We are in a run of continuation. We've consolidated for quite a bit, but we have enough room to make it to the bottom of the range.
On the 1H: There is a 3-touch with a hook point that was completed during NFP where we had the 3 sections and the internal mini double top that finishes the move. Now we would more so be in a state of continuation.
If we can get the 3-touch as an internal pattern, you'll be able to capitalize on it with a risk entry to take advantage of what would become a massive range.
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EUR/USD BREAKDOWN
Bias flip as momentum looks to finish range
What was the plan on the DXY? Well, we want to see that short momentum continue for us to take out the bottom of the range. And we're seeing the inverse here on EUR/USD.
Let's take a look at the charts.
The leg moving up shows a nice 4H momentum. However, when you look at it from the 1H, you can see that there is a bit less momentum than what the 4H portrayed. This is partly due to the 4th of July being a US bank holiday which would explain the lower level of liquidity.
What do we see now?
We see a clear near miss to the area. It's all about developing the right structure for us to capitalize on the long during the movement back up. Don't underestimate how far something will go. Trade what the market is showing you, but also take a message from the market to plan your move.
FUNDED TRADER SPOTLIGHT
BE on EUR/USD 4H play
The Falcon edge: One of the beautiful parts of how we trade is that you can adapt it to your lifestyle.
If you're someone who has a full time job or is unable to be present at the charts a lot, you're still able to take our swing style positions that offer decent risk-to-reward.
This is a prime example of that idea. Looking at the 4H screenshot, you can see that we had a clear 3-touch structure which was connecting with the value area. We had a beautiful retrace at the 3rd touch.
With that retrace, you were able to set an order that is almost half way through the candle. This allows you to get a better risk-to-reward, cover the high, and give you correct stop positioning.
This trade ended up at BE as it was being managed for a more long term play, but at peak it was running roughly c2.5%. Beautiful trade regardless of the result.
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With over [8] years of combined experience in the trading world, we've honed our skills in various trading strategies, particularly those involving trend indicators such as the 50 EMA and 20 EMA, Japanese candlestick patterns, market structure analysis, and the Relative Strength Index (RSI). Our journey began with a shared interest in understanding market dynamics, and over the years, we've developed a deep passion for educating others about the art and science of trading.
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Thank you for joining us on this exciting journey. Together, we can achieve trading success and unlock the full potential of the financial markets.
Happy Trading!
The FourTrades Team
fourtrades
Good morning
Top 6 Pairs on Watch 
Message from the market: We had a full week close on the DXY with a full bearish engulfing, in addition to a mini inflection point in which the market has closed fully through. This has opened up the possibility of the range following through to the bottom. Therefore, if we do get continuation in something like this, we shouldn't fear trading it. 
