Trade in The Zone - 26th June 2022

Welcome back to Trade in the Zone, the Weekly newsletter from Key Zone Traders, providing?our members with insights into the markets for the upcoming week, and adding more value to your trading.

Make sure you check out next week's edition of Trade in the Zone for a really exciting announcement.

In last week's edition, we looked at DXY again, and we stressed we needed to exercise patience, but that the action towards the end of the month could provide some more information and great opportunities.

This week saw a retracement back into the 102.18-103.87 zone, but at the time of writing, this is still holding as support, for now. The way the action goes this week could be pretty key for how to position on USD pairs going forward, so I will review the DXY again in next week's edition.?

Crypto Watch

So last week saw the impulsive move through the key support zone at 29600-31420 that we had been speaking about for several weeks.

This week has seen the 18240-19890 key support zone hold, finally giving Bitcoin some respite. The weekly close last week above the zone was a good sign, and we have seen some small upside this week.

This is corrective in nature and we should be wary of any further breaks below the 18240-19890 zone, which would then target a move down to 11500-13200

If we continue to hold 18240-19890 as support, we can see moves back towards 29600-31420, however, this could take several weeks if the market stays corrective in nature. If this is the case, then it would offer another good selling opportunity in that 29600-31420 zone when price gets there

Come and check out the?Key?Zone?Traders Academy, where we provide you with the necessary tools and teach you how to build the skill sets to identify these movements yourself.

Market in Spotlight

This week, we take a look at the EURUSD.

From the Monthly chart, you can see that we are at a multi-year?key support zone of?1.0340-1.0410, which currently is holding. Price hasn't been below here for 20 years - since 2002, so that will tell you how important this zone is.

If this zone breaks and we see further downside, then price moving below 1 is very likely.

However, if we can continue to hold, and gain acceptance above the?1.0750-1.0825?zone (which currently has dynamic resistance of the Weekly 20 ema), then this can open up moves towards the?1.1285-1.1360?zone.

We will also keep an eye on this pair over the coming weeks and months to see how the price develops

The Week Ahead

Not a great deal of news this week, with the only news to be mindful of being the USD news on Tuesday and Friday at 3 pm, and Thursday at 1.30 pm.

We can look to risk manage our positions ahead of these announcements, but we should not be too concerned.

Question?of the Week...

What's the difference between Trading and Investing?

The differences are subtle and the main differences are centred around how you manage your risk and the length of time you hold onto a position.

When you are trading, you will look to hold onto a position for a relatively short amount of time. Depending on your style of trading this can be for as little as a matter of seconds or minutes, up to several days.

When you are investing, you are looking for longer-term moves in the markets and therefore you will most likely hold a position for Months if not Years.

You also should manage your risk differently. Trading is a much riskier, and higher participation endeavor than Investing, so you should risk much smaller amounts of capital per position.

Check out?Stepstoinvesting?for more information and education on how to invest sensible

Also, keep an eye out for my Blog this week?where I discuss this in more detail?

What's Coming Up For Key Zone Traders...

We have had a slight change to our scheduling going forward, come and join us on social media to get all the latest from?Key Zone Traders

Monday?-?Get your week off on a positive note, with our Monday Motivational post

Tuesday?- Check out our latest Blog where we discuss Trading vs Investing

Wednesday?- Make sure you follow us on our social media channels for a really exciting announcement

Thursday?- See a testimonial from another one of our happy customers

Sunday?- We will show you our Trade of the Week - the trade that we take in the markets which we can take the most information from.

Don't forget to check us out?on our?Instagram channel?for more news and the latest tips this week

Hope you have enjoyed this?edition of Trade in the Zone with Key Zone Traders.....have a great week, and let's go?Make. It. Happen.