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USDSGD ____ INCOMING BULLISH RALLYHello Guys, As I had previously published, the dollar index seems to be setting up for a bullish rally (analysis inserted below) and USDSGD which is correlated with the dollar index is aligning accordingly. You will also notice that the price has buy-side liquidity to hunt. I have set an alert to know when price trades into the daily order block from which I will be looking out for a CHOCH on the 1-hour timeframe to go long. Also, USDCHF is aligning for this long (analysis inserted below) Follow me for more updates. US DOLLAR INDEX ANALYSIS USDCHF ANALYSIS Cheers, Jabari
Long
by jabariofafrica
USDCHF ____ INCOMING BULLISH RALLYHello Traders, I'd keep this simple... Price traded into a strong demand level and on the weekly timeframe, a CHOCH is evident (look at your weekly timeframe). Last week, the price hunted the trendline sell-side liquidity and I speculate that the price could trade to the daily order block just below sell-side liquidity (equal lows). Also, the dollar index also gives a view that the dollar will rally which supports the view on USDCHF. Follow me for more updates. US DOLLAR INDEX ANALYSIS Cheers, Jabari
Long
by jabariofafrica
US DOLLAR INDEX ____ INCOMING BULLISH RALLYHello Guys, As I have stated most times that at some point, the dollar will rally and reach higher prices. I suspect we have gotten to that period. I will insert my previous analysis for this. With this view of the dollar rally, I would be looking out for USD pairs that have a good structure in alignment with the dollar rally. Pairs like: USDCHF, USDSGD & XAGUSD have very interesting price structures. I advise you to monitor them. Follow me for more updates. US DOLLAR INDEX (Previous analysis) Cheers, Jabari
FX:USDOLLARLong
by jabariofafrica
AUDNZD ____ INCOMING BULLISH RALLYHello Guys, You would recall that at a certain point, I was looking for a short on this pair (inserted below) this short was to form the retracement to go long long-term. However, I was unable to join the bearish move as I was stopped out at breakeven. Since then, I have kept AUDNZD on my radar and right now, It is approaching a weekly order block which could generate the much-needed demand for it to commence the bullish rally. I would suggest you monitor this pair also when it trades into the weekly order block. You can also notice that I have set an alert on my chart to know when price trades into the order block. Follow me for more updates like this. AUDNZD (Previous analysis) Cheers, Jabari
Long
by jabariofafrica
Bullish Reversal Potential on $FIL: Falling Wedge PatternGreetings, Traders! Today, I'm thrilled to share an intriguing technical analysis discovery on the stock of Filecoin ( TSX:FIL ). A falling wedge pattern has emerged, indicating the potential for a bullish reversal in the near future. Let's dive into the details! 📈 Ticker: TSX:FIL 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on TSX:FIL : Upon analyzing the daily chart of TSX:FIL , the following observations come to light: 1️⃣ Recent downtrend: TSX:FIL has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on TSX:FIL plays out as expected, a potential bullish breakout above the upper trendline might occur, signaling a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $80.00 2️⃣ Target 2: Psychological resistance near $100.00 🛡️ Risk Management: Implement the following risk management techniques to protect your capital and manage risk effectively: 1️⃣ Set a stop-loss order below the lower trendline to safeguard against unexpected price reversals. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Stay watchful as Filecoin ( TSX:FIL ) continues to develop this falling wedge pattern. The formation suggests the potential for a bullish reversal in the near future. However, please remember that technical analysis has limitations, and market conditions can change. Consider incorporating additional analysis and fundamental factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #TradingView #TechnicalAnalysis #FallingWedge #BullishReversal #FIL #StockAnalysis #ChartPatterns #TradingStrategies #Investing #Finance #MarketAnalysis
Long
by STP_MrNodeItAll
2
NZDCHF ____ INCOMING BEARISH MOVEHello Traders, I did an analysis on this pair some days ago (inserted below). My bias hasn't still changed. I still speculate that NZDCHF will make it to TP. Not to be rigid or dogmatic in my approach, but the market structure as of today supports the bearish move. Also, NZDSGD which is a correlated pair is having same bearish structure. You may want to keep this on your radar. Follow me for more updates. NZDCHF Previous Analysis NZDSGD Correlated Pair Cheers, Jabari
Short
by jabariofafrica
6
CADJPY ____ INCOMING BEARISH MOVEHello Guys, As I had mentioned in my previous post on USDCAD (inserted below), CADJPY which is correlated to USDCAD is also at a very important supply region (weekly order block). My speculation is that CADJPY may continue some more inducements and manipulation on its way to the top before it begins selling. If you look left, you will notice the buy-side liquidity (equal highs) that the price may just spike above before selling or creating another equal high. You should put this pair under your radar as it has more potential to deliver on the short. Follow me for more updates like this. USDCAD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
3
USDCAD ____ INCOMING BULLISH MOVEHello Traders, USDCAD has been on my radar for a while now. It has entered a key demand zone. However, It is our job to monitor how it trades lower to track when the bullish move will begin. If you look at the dollar index, you will notice it has shifted from the daily bearish move to the bullish structure. But USDCAD is yet to. This simply means that there is a divergence/manipulation at play and at some point, the shift from bearish to bullish structure will occur. Follow me to see my post on more pairs under my radar. Cheers, Jabari
Long
by jabariofafrica
1
AUDCHF ____ INCOMING BULLISH MOVEHello Guys, Check this out. AUDCHF just entered into a weekly demand order block. I have a strong bullish on this pair to reach 0.63000 region. For now, I will be monitoring the 1-hour timeframe for CHOCH from bearish to bullish to go long to the daily order block which is in confluence with the trend line I also made an analysis on AUDCAD which correlates with AUDCHF (See below for the analysis) Follow for more trade ideas AUDCAD ANALYSIS Cheers, Jabari
Long
by jabariofafrica
1
EURAUD ____ INCOMING BEARISH MOVEHello Traders, EURAUD recently traded into a strong monthly supply zone and since then has printed a bearish price structure. What I would like to see is if there will be a 1-hour CHOCH to take a short from the weekly order block. What you should notice is that we have a daily sell-side liquidity to be swept which is just above the weekly demand order block. Something of concern is the daily order block and the equal highs (buy-side liquidity) in the weekly order block. WATCH OUT!!! Follow me for more market breakdowns. Cheers, Jabari
Short
by jabariofafrica
2
XAGUSD (SILVER) ____ INCOMING BEARISH MOVEHello Guys, As you know already, I get my directional bias for USD-related pair from the dollar index. My outlook for the dollar is bullish (see below the analysis) which means that this week and going forward, Silver (XAGUSD) should be bearish. Currently, Silver has traded into bother the weekly and daily FVG, and we may commence the bearish move from here after a few manipulations and bullish inducements. (See my previous analysis of XAGUSD below) Follow for more updates. Feel free to DM me. Previous Silver analysis This week's Dollar Index analysis Other USD-related pairs GBPUSD NZDUSD USDJPY USDSGD AUDUSD Cheers, Jabari
FOREXCOM:XAGUSDShort
by jabariofafrica
5
Identifying Trends and Reversals 🎯💥HOW TO TRADE: Identifying Trends and Reversals 🎯 If you find this information helpful, please show your support with a LIKE ❤️. Here's my approach to determining the intraday direction when trading short or long, specifically focusing on the relationship between Price and SMAs(20,50 and 200), EMA200, Oscillator, Support Line and Patterns: 🐸 Simple Moving Average 20, 50 and 200 & Exponential Moving Average200 🐸 Stochastic Oscillator: focus when oscillator in RedZone or GreenZone 🐸 Patterns: H Pattern, Inverted H Pattern 🐸 Support | Resistant Line 💥 One example of such confirmation reversal from bottom is: oscillator in callzone, H pattern (double bottoms), smas(20,50, and 200) & ema200 support, support line resistant. 💥 One example of such confirmation reversal from top is: oscillator in redzone, inverted H pattern (double tops), smas(20,50, and 200) & ema200 resistant, support line resistant. Remember, trading involves risks, and it's important to have a well-defined strategy and risk management in place.
AMEX:SPY
by A1TradingHub
📉 Falling Wedge Alert on $1INCH! Reversal Potential!Hey traders! Today, I want to discuss an intriguing chart pattern I've identified on $1INCH. Let's explore the falling wedge pattern and its implications, particularly in relation to the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:1INCH 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. The presence of the parabolic trend further adds to the potential reversal scenario. Let's delve into the falling wedge pattern on CRYPTOCAP:1INCH in more detail. ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:1INCH : Converging Trendlines: The upper trendline connects lower highs, while the lower trendline connects higher lows, indicating a potential shift in market sentiment. 📈📉 Parabolic Trend Support: Notice that CRYPTOCAP:1INCH is currently holding the parabolic trend, which reinforces the bullish outlook and strengthens the potential reversal signal. 🚀📈 Breakout Expectations: Falling wedge patterns often precede bullish breakouts. To confirm the pattern, traders typically look for a decisive move above the upper trendline. It is essential to wait for a confirmed breakout before considering any trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once CRYPTOCAP:1INCH successfully breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout could indicate a potential reversal and continuation of the upward trend. ⬆️💰 Stop-Loss: To manage risk, set a stop-loss order below the lower trendline, protecting against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Implement proper risk management techniques, such as position sizing, setting stop-loss orders, and adhering to your trading plan. Always be aware of the inherent risks associated with trading cryptocurrencies like $1INCH. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions. #FallingWedge #1INCH #Cryptocurrency #ParabolicTrend #BullishReversal #TradingStrategy #TechnicalAnalysis #ProfitTargets #RiskManagement In conclusion, the falling wedge pattern identified on CRYPTOCAP:1INCH , combined with the parabolic trend, suggests a potential bullish reversal. Exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $1INCH! 🚀💹 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
What is emotion in trading?Emotion in trading refers to the psychological and emotional state of traders that can influence their decision-making process and trading behavior. Trading can be a highly emotional endeavor due to the inherent risks, potential financial gains or losses, and the pressure associated with making split-second decisions in dynamic markets. Some common emotions experienced by traders include: 1| Greed: A strong desire for more profits, often leading to excessive risk-taking and holding onto winning trades for too long. 2 | Fear: The feeling of anxiety or unease about potential losses, leading to hesitation, over-caution, or selling trades prematurely. 3 | Hope: The optimistic expectation that a losing trade will turn around, causing traders to hold onto losing positions longer than they should. 4| Frustration: The feeling of annoyance or impatience due to unexpected market movements or unsuccessful trades, potentially leading to impulsive decision-making. 5| Overconfidence: Excessive belief in one's trading abilities, leading to taking on higher risks or neglecting proper risk management strategies. 6| Regret: Feeling remorse or disappointment about past trading decisions, which can cloud judgment and lead to revenge trading or irrational behavior. These emotions can significantly impact trading performance. Emotional decisions may deviate from rational analysis and objective strategies, potentially leading to poor trade execution, excessive losses, or missed opportunities. Successful traders aim to manage their emotions effectively by adopting a disciplined approach, implementing risk management strategies, maintaining a trading plan, and cultivating psychological resilience. They strive to make trading decisions based on logic, analysis, and adherence to predefined rules rather than being swayed by momentary emotions.
NASDAQ:AMD
by A1TradingHub
The Power of 0.5: A Comprehensive TA of PLS / USDTAnalyzing the PLS/USDT chart, we see how strikingly potent the 0.5 line is for altcoins, while the 0.618 line tends to resonate more effectively with Bitcoin. The dynamics of altcoins seem to lend more weight to the influence of the 0.25-0.5-0.75 lines. Isn't that fascinating? 😀 If you take a look at the chart, you'll notice substantial adherence to these lines. They tend to serve as either robust resistance or reliable support, showcasing the ebbs and flows of the crypto market. So, how do we interpret this technical analysis? The resistance is the hurdle that we must overcome to shift into a more bullish state. And the support? It's something we must maintain, or else we risk a downward slide. Currently, the All-Time High (ATH) stands at 0.0002800, and while the theoretical low is zero, considering the OKX chart, we've established the low at 0.0000500 where trading began. Are you following so far? 😊 Alright, moving on, I've highlighted daily, weekly, and monthly resistance and support levels for you. If the price is above a certain level, it acts as support; if the level is above the price, we're facing resistance. This handy information will be updated weekly, so feel free to revisit and refresh your memory! Plus, you'll see some significant volume levels I've marked. Something else to consider: if the price doesn't dip below the Value Area Low (VAL), this signals strength in the price, suggesting it could rise and challenge the Value Area High (VAH). That means the price is likely to test the first weekly resistance, which, conveniently, aligns with the VAH—a great example of confluence, leading to potentially better trades! Isn't this exciting? 😁 I've also pinpointed an attractive buying zone considering risk and reward metrics. I can't stress enough how important it is to factor these in. Lastly, keep an eye on the respect that my levels will earn over time. I hope you find this analysis insightful and, as always, keep those crypto smiles on! 😄
PLong
by Goldenratiocapital