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AUDNZD ____ INCOMING BEARISH MOVEHello Guys, AUDNZD has been on my radar for quite some time and right now, it has entered a key zone which is the weekly order block. This should help the price take a breather from all the bullish rally so far. As you can see on my chart, I have marked two levels where I would be taking profits if I manage to take this trade (my preferred short setup appears). You will also notice that we have sell-side liquidity which price when it is ready to sell will likely hunt. Follow me for more analysis. See my analysis on AUDCAD Cheers. Jabari
Short
by jabariofafrica
12
EURNZD ____ UNDERSTANDING ORDER BLOCKSHello Trader, Here we have EURNZD which showed bullish strength last week and rallied into a daily order block. This daily order block is meant to cause a reaction in price i.e a reversal or retracement. What are order blocks you may ask: Order blocks in forex are price levels where institutions attempt to buy or sell a foreign exchange pair without potentially having too much of an impact on the pair's price. Once the price enters an order block, It mitigates the orders that were initially placed there and would trigger a bullish or bearish move in price depending on where the price is coming from. Order blocks found on the daily timeframe (as marked on my chart), weekly and monthly timeframes are usually really strong and can cause a reaction in price. As you can see, the price created multiple buy-side liquidity just around the order block to induce early sellers, then liquidated their positions. It has gone deeper into the order block and has changed the structure on the 1-hour timeframe from bullish to bearish as expected. From here, I expect the price to retrace not reverse as higher timeframes such as the weekly and monthly suggest higher prices to come. Follow for more analysis. Cheers, David
Short
by jabariofafrica
1
EURAUD ____ INCOMING SHORT TRADEHello Guys, EURAUD traded into a monthly order block, which caused a sell-off in price. Price is likely to continue this sell-off as the structure remains bearish which is understandable because the monthly order block this pair traded into is a strong one. Right now, I expect the price to retrace into the weekly order block for me to take a short. This will be validated if I see a CHOCH in the 1Hour timeframe. Also, as I am expecting a retracement in EURAUD, I am looking to enter a long trade on EURUSD. Follow for more trade analysis. See my analysis on EURUSD below. Cheers, David
Short
by jabariofafrica
CHFJPY ____ INCOMING BEARISH MOVEHello Guys, We have on our hands a sweet sell opportunity to capitalize on. CHFJPY recently reached an expected high which price is meant to ease the bullish rally. What we can see on the daily is a manipulation of buyers to go long then the sellers jumped in. Now I am expecting the price to continue the short selling after entering into the daily order block which should give price momentum to create another bearish leg. Once the price gets into the daily order block again, I will be looking for CHOCH to go short to my TP. Follow me for more trade analysis. Cheers, David
Short
by jabariofafrica
US DOLLAR INDEX ____ WHY YOU SHOULD PAY ATTENTIONHey Traders, Long time no see. If you follow me already, you will notice that I draw my bias to trade USD pairs from the dollar index. My bias as you can see for this week is bearish. However, I expect a longer-term bullish move for the dollar. As the price has entered a weekly order block, I expect it to help force the retracement from the bullish rally. Based on this view, I will be posting a few pairs on my radar to trade accordingly. Follow for more. Cheers, David
FX:USDOLLARShort
by jabariofafrica
XAGUSD (SILVER) ____ TIME TO GO BULLISHHello Guys, Last week, this pair was strongly bearish as speculated (see my analysis below). The bearish leg ended up in a daily demand FVG and as we can see, it reacted strongly. Also marked on the chart are the multiple buy-side liquidity I expect the price to hunt. In addition to this, I had posted my analysis on the dollar index which I expect a short-term bearish movement in the dollar after which the bullish run will continue long term. Follow me for more. See below my previous XAGUSD (Silver) and US Dollar Index analysis. Previous XAGUSD analysis Current Dollar Index analysis Cheers, David
FOREXCOM:XAGUSDLong
by jabariofafrica
USDJPY ____ INCOMING BEARISH MOVEHello Traders, USDJPY rallied last week into a weekly bearish order block and I expect it cause a retracement in the bullish rally. As you can see on my chart, I have marked out the sell-side liquidity that I expect price to go and hunt. Also, the dollar index is showing that there is likely to be a short-term bearish move in the dollar which is meant to impact USDJPY. Follow me for more analysis. Dollar Index Analysis XAGUSD analysis Cheers, David
Short
by jabariofafrica
4
AUDUSD ____ ENOUGH MANIPULATION, LET'S RALLYHello Traders, This week has been a roller coaster for some people and I'd count myself as one. But truth be told, it has also been a fun one too. If you recall, I had speculated that the dollar was to go bearish this week which would be that the likes of AUDUSD would go bullish. However, the dollar did some crazy manipulations which you will see clearly if you look at the dollar index. This manipulation also aided AUDUSD to head into a daily order block. As I had explained in my analysis of the dollar index, I expect a short-term bearish move initially and a long-term bullish move. This simply means that AUDUSD should rally... I suspect the manipulations are over and price is ready for this move. Follow me for more eye-opening analysis Here is my analysis on the dollar index Cheers, David
Long
by jabariofafrica
How to Trade the Pin Bar Pattern on Forex and Gold 🕯 The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction. A pin bar is a Japanese candlestick that has a long wick on one side and a small body. Understanding the story behind the pin bar is essential. 📚What does the pin bar candlestick pattern tell us about market psychology? 📉This pin bar followed a strong downward trend, and the presence of a long tail below the body tells us that the market rejected any attempt by overly exuberant sellers to move the price lower. The length of the tail speaks to the strength of the rejection. 📈The pin bar followed by a strong uptrend, and the presence of a long tail above the body tells us that the market rejected any attempt by overly exuberant buyers to move the price higher. The length of the tail speaks to the strength of the rejection. ⭐️The best pin bars are bearish pin bars that form at the top of an extended move up, and bullish pin bars that form at the bottom of an extended move down. ✅Entry and exit is very simple. If you are going short on a bearish pin bar, enter short when the next candle opens and ticks below the low of the bearish pin bar. If you are going long at your fx broker, enter long when the next candle opens and ticks above the high of the bullish pin bar. ❗️Keep in mind that these are general trading concepts that build on the collective experience of traders. Even though a lot of traders believe that these chart patterns have a bearing on the future direction of the price there are no guarantees in trading. Forex & gold trading is risky and you should never speculate with funds you cannot afford to lose. Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
4
USDCHF ____ INCOMING BEARISH MOVEHi Traders, USDCHF rallied last week into a daily bearish order block and I expect it cause a retracement in the bullish rally. As you can see on my chart, I have marked out the buy-side liquidity that I expect the price to go and hunt before the sell-off begins. Also, the dollar index is showing that there is likely to be a short-term bearish move in the dollar which is meant to impact USDJPY. Follow me for more analysis. Dollar Index analysis USDJPY analysis XAGUSD analysis Cheers, David
Short
by jabariofafrica
USDCHF ____ INCOMING BULLISH EXPANSIONHello guys, If you follow me already, you will know that I get my directional bias from the dollar index. In my previous post on the dollar (inserted below) I stated that I am bullish on the dollar which would mean I am bearish on USDCHF. As you may see on my chart, I expect the price to run into my POI after inducing early buyers as marked on the chart before the continuation of the bearish move from last week. You will also notice that we have sell-side liquidity just inside the POI and also a daily FVG which will draw price to it. If you like this, check out my profile for more. DXY ANALYSIS EURUSD ANALYSIS GBPUSD ANALYSIS Cheers, David
Long
by jabariofafrica
2
CADJPY ____ LIQUIDITY SWEEP INCOMINGHello Traders, Have approached a monthly supply zone (marked with red). Price is meant to reach this level. Due to the fact that this is obvious to everyone, price manipulation will have to happen to ensure people are liquidated before the sell-off. One way the market does this price manipulation is to induce people and form a liquidity pool that it will sweep before the bearish expansion. As marked on my chart, you will notice that there is buy-side liquidity just below the monthly supply zone. Once the price sweeps this liquidity, I would have liquidated enough people before the selling begins. I will advise you to wait and see how the price reacts to this zone before you decide to look for a bearish setup to trade. Follow me for more updates like this. Cheers, David
Short
by jabariofafrica
1
XAGUSD ____ SELECTING THE BEST PAIRS TO TRADEHello Traders, Using XAGUSD (Silver) as a case study, I will explain why you need to select the best possible pair to trade. The reason why this is so is because almost all the FX pairs are correlated one way or the other, hence you must always choose the one with the best narrative and the best setup. When I say narrative, I mean the reason why you expect a particular move in the price i.e. a rally or drop in price. Now using XAGUSD, the dollar index just entered a weekly order block (you can look at it on your chart) which could likely mean a short-term bearish move. With this knowledge, you now know that the dollar is likely to be the weaker currency among all dollar pairs. The next thing you want to do is scan all dollar pairs, looking for the one that is well positioned to show strength against the dollar to take a trade. The reason why I picked XAGUSD, is because price entered a weekly demand-side FVG which should cause a rally in price. We also have another weekly FVG above the current price that is likely to be filled. Next, you can notice we have buy-side liquidity just below the weekly FVG. This gives price more reasons to rally. Asides XAGUSD, other well-structured pairs are GBPUSD, USDCHF & EURUSD. Always put your best foot forward. Follow me for more updates, learnings and trade ideas. Below is my previous analysis on XAGUSD at the start of the week. I expected price to go into the FVG first before the dump to my target, however, price went to my target first so I'm guessing it's time to mitigate the buy=side weekly FVG. Cheers, David
FOREXCOM:XAGUSDLong
by jabariofafrica
AUDCAD _____ PLAN YOUR TRADESHello traders, AUDCAD is a pair that I have been watching for some time now. Right now, it is trading in a very interesting demand zone. This chart is on the daily timeframe. I want you to go into your weekly timeframe and notice the candlestick on which the demand zone (yellow box) is based. You will notice a strong buying in that candle. I have noticed this candlestick and how it affects price movement. Most traders focus on just candlesticks but I want you to also focus on a narrative of why the candlestick and the incoming move make sense. Let's build a narrative, 1. The monthly chart is showing a retracement of bullish price action. In essence, we expect to continue the bullish move soon 2. The weekly chart also has the same bullish narrative as the monthly chart and is inside a strong bullish candlestick 3. The daily chart is showing that sell-side liquidity has been swept on its way to the weekly demand zone. We also have buy-side liquidity to go after. Now that's how you build a narrative before you start looking for a buy setup. Remember, because your narrative makes a lot of sense, does not mean the market must obey. That is why you must NEVER ignore risk management. Follow me for more analysis. Cheers, David
Long
by jabariofafrica
2