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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
UNRATE Update | December 2021 - PresentThe US unemployment rate can double from here and still be within the long-term range and still below the extremes that have occurred during more recent recessions. Also worth point out that the only time we have been below this level of unemployment (higher employment) was during the Korean war in the early 1950s. Sure, we could see the rate of employment increase - that can happen. But it's unlikely, based on 75 years of data that spans everything from Post-Keynesianism, to Real Business Cycle (RBC), to Monetarism, to MMT. As such, it is safe to conclude that a lower UE rate, from "here", is unlikely. So unemployment has probably bottomed, stocks are yet to recover their December 2021 highs (19 months) and the interest rate on the US10Y is up roughly 200% (having gone as high as + 215%) over the same 19-month period and currently offering a yield of 4.049%; the US10Y maintains it's lag of the US02Y, which is currently offering a yield of 4.95%. In other words, bank lending is more constrained... Wow, even the banks are telling us there is significant risk in the market. Meanwhile a lot of folks are running around telling you how great fake-money crypto supposedly is. Maybe the banks are right about risk.... Oh! one more thing: the VIX has also reached a bottom of sorts.
FRED:UNRATEShort
by ChiefMacro
The Divergence Cheat Sheet: Your Quick Reference GuideHello dear @TradingView community! In this guide, we will delve into the concept of divergence and its significance in technical analysis, specifically focusing on its application in the cryptocurrency market, particularly Bitcoin. Understanding Divergence: A Key Concept in Trading Divergence occurs when the price of an asset and an indicator, such as the Relative Strength Index (RSI), move in opposite directions. This pattern provides valuable insights into potential price reversals or changes in trends. The Divergence Cheat Sheet To help us identify and interpret divergence patterns, a divergence cheat sheet can be an invaluable tool. It provides a concise overview of different divergence patterns and assists us in making timely and accurate decisions. By having a cheat sheet on hand, you can save time, reduce errors, and ensure they don't miss crucial signals in the fast-paced cryptocurrency market. Detecting Divergence Detecting divergence is crucial for identifying lucrative trading opportunities. By using divergence indicators like the RSI, MACD, or Stochastic Oscillator, we can gain significant insights into market trends and potential price reversals. To pinpoint divergence effectively, follow these steps: Choose an indicator capable of detecting divergence, such as the RSI, MACD, or Stochastic Oscillator. Look for discrepancies between the indicator and the price action. Regular divergence occurs when the price and the indicator move in opposite directions, while hidden divergence occurs when they move in the same direction but at different rates. Monitor the direction of the trend. Divergence can indicate a trend reversal, so keeping track of the current market trend is crucial. Confirm the divergence signal with other technical analysis tools. Divergence is just one piece of the puzzle, so it's essential to use other indicators to validate your trading decisions. Examples of Divergence in Trading Charts Let's examine a few examples of divergence on Bitcoin charts: Strong Bullish Divergence: When lows of the price decreases while the RSI increases, a regular bullish divergence occurs. This signals a potential trend reversal and presents an opportunity for a bullish trade. Strong Bearish Divergence: When highs the price of an asset is rising while the RSI is falling, it indicates a regular bearish divergence. This suggests a potential trend reversal and presents an opportunity for a bearish trade. Medium Bullish Divergence: When the lows of an asset remain equal while the RSI is rising, it indicates a medium bullish divergence. This suggests a potential increase in price, although it may not be a strong upward movement. Medium Bearish Divergence: When the highs of an asset remain unchanged while the RSI is decreasing, it indicates a medium bearish divergence. This suggests a potential decline in price, although the downward movement may not be significant. Weak Bullish Divergence: When the lows of an asset is decreasing while the RSI lows is equal, it indicates a weak bullish divergence. This suggests a potential increase in price, although it may not be a strong upward movement. Weak Bearish Divergence: When the highs of an asset are rising while the RSI remains unchanged, it indicates a moderate bearish divergence. This suggests a potential decline in price, although the downward movement may not be significant. Hidden Bullish Divergence: Hidden bullish divergence occurs when the price creates higher lows while the RSI is creating lower lows. This reinforces an existing uptrend and suggests its strength. Hidden Bearish Divergence: Hidden bearish divergence is observed when the price forms lower highs while the RSI forms higher highs. This indicates a potential weakening of the current uptrend and might signal a trend reversal or a pullback. By recognizing these divergence patterns on trading charts, we can gain insights into potential market reversals, entry and exit points, and adjust trading strategies accordingly. Incorporating Divergence into Your Trading Strategy To effectively incorporate divergence into your trading, consider the following steps: Identify the appropriate indicators: Choose reliable indicators such as RSI, MACD, or Stochastic Oscillator that can detect divergence patterns effectively. Learn to spot divergence: Familiarize yourself with the different types of divergence patterns and practice identifying them on price charts. This will help you develop a trained eye for spotting potential trading opportunities. Confirm with additional analysis: While divergence can provide valuable signals, it's essential to use other technical analysis tools to confirm your trading decisions. Look for supporting indicators, chart patterns, or trendline breaks that align with the divergence signal. Set clear entry and exit criteria: Define your entry and exit points based on the divergence signal and your risk tolerance. Consider using stop-loss orders and take-profit levels to manage your trades effectively. Practice risk management: Implement proper risk management techniques, such as position sizing, to protect your capital. Divergence alone should not be the sole basis for your trading decisions but rather an additional tool in your arsenal. Backtest and refine your strategy: Test your divergence-based trading strategy on historical price data to assess its effectiveness. Make adjustments as needed and continuously monitor and evaluate your results to improve your trading approach. Remember, divergence analysis is not foolproof and should be used in conjunction with other technical analysis methods and market factors. Regular practice, continuous learning, and adapting to changing market conditions are crucial for successful trading. Divergence analysis is a powerful tool that can provide us with an edge in the cryptocurrency market. By understanding and effectively utilizing divergence patterns, we can identify potential trend reversals, improve entry and exit timing, and enhance overall trading strategy. Incorporate divergence analysis into your trading approach and combine it with other technical indicators and risk management techniques for a well-rounded and informed trading strategy.
Education
by Vestinda
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
What Is "Scalping" In ForexHello Traders, We thought that we'd make a little guide to those of you who are looking at scalping as a possible trading strategy. This educational idea will give you a few things to consider and we hope that it will inform you of what you can expect from being a scalper. Our Take: Personally for us scalping isn’t our style and we wouldn’t recommend it to anyone but some people absolutely love it and are drawn into this type of trading because of the huge profit potential which is why we thought that we’d make this educational guide so that if you want to become a scalper then you know what you’re getting yourself into. Scalping can be a great way to trade but if you want to break out of that 9-5 job and not sit at a computer all day then scalping definitely isn’t your style. The reward you get from being a scalper comes with an equal risk and this is something a lot of people overlook. A Message From Us: We hope that you liked our guide and be sure to look out for our next educational guide where we’ll go over more lessons in regards to trading. If you have anything you want us to cover then please do contact us and we’ll see what we can do. We’d love it if you could show your appreciation if you liked this post and we wish you the best. Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
FOREXCOM:XAUUSDEducation
by jpeacockfx
4
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
The Struggle of Consistency: Navigating DCA in Crypto InvestingHello dear @TradingView community! Today let’s focus on what is Dollar Cost Averaging ? Determining the optimal moment to buy cryptocurrency is often a challenging task due to the high volatility of crypto assets. Prices can fluctuate unpredictably at any given time, leading traders to experience the fear of missing out (FOMO). This fear is commonly felt when the price of a cryptocurrency, such as Bitcoin (BTC), suddenly surges or plunges. During price drops, individuals tend to panic and sell their holdings in a frantic attempt to avoid further losses. Conversely, when prices rise, panic ensues as people worry they don't possess enough coins to sell. As evident, making decisions to buy or sell cryptocurrencies is no easy feat. However, if you seek long-term financial gains from cryptocurrencies without succumbing to the anxiety caused by every price spike, it would be wise to consider the Dollar Cost Averaging (DCA) strategy. Let's delve deeper into what DCA entails and how it functions in the realm of cryptocurrencies. What is Dollar Cost Averaging? Dollar cost averaging is an investment strategy where fixed amounts are regularly invested at consistent intervals, in contrast to a one-time lump sum investment. This approach involves executing transactions regardless of the asset's current price or market fluctuations. It is highly favored by investors and management funds seeking long-term profits from various assets like ETFs, commodities, cryptocurrencies, stocks, and more. How does DCA work? To employ the DCA strategy, you first determine the amount of cryptocurrency you wish to invest. In conventional investing, one would typically invest the entire designated sum in a specific asset. However, with DCA, you invest fixed amounts of USD into Bitcoin or any other asset over a designated period. For instance, you may choose to purchase $100 worth of BTC every month for a 10 year period. When utilizing DCA, the selection of the cryptocurrency becomes crucial. With around 22,904 cryptocurrencies available today, you must pick a coin you believe will appreciate in value and yield profitable returns. You can even choose an ETF which follows the trend (up or down) for any specific asset or basket of assets. To comprehend how DCA operates, consider the following example: Let's assume it is June of 2014, and Katie decides to allocate $10,000 in BTC. In June of 2014, the price of Bitcoin stood at approximately $560 per coin. Instead of investing the entire sum at once, Katie opts for dollar cost averaging throughout the 9 years. From June 2014 to May 2022, Katie spent $100 each month on BTC, disregarding market price fluctuations. After 8 years, she spends almost $9,600 and her earnings reflect the following: The green line in the chart represents Katie’s total investment amount, while the orange line depicts the fluctuation of portfolio size value over the 9-year period. When Katie initiated his investments, both the cost of BTC and his investments were approximately $100. However, as time progressed, the price of Bitcoin underwent changes. By May of 2022, Katie's $9,600 investment had grown to $287,518 worth of BTC, showcasing a growth rate of 2,895%. With maximum gain of $631,540 at bitcoin ATH. Online DCA tools are also available to estimate the earnings from purchasing bitcoins over several months. For example, platforms like dcaBTC enable users to customize their DCA strategy according to their preferences, specifying the amount to purchase, investment frequency, and duration. To successfully implement dollar-cost averaging (DCA) in Bitcoin investing, several key steps need to be followed. These steps involve setting a budget, choosing a reputable cryptocurrency exchange, establishing recurring purchases or utilizing recurring purchases and automated investment platforms (such as Binance, Coinbase, Kraken, Crypto.com or even at Vestinda), and monitoring and adjusting the strategy as necessary. Pros and Cons of Dollar Cost Averaging Let's commence with the pros of dollar cost averaging. By making regular and consistent purchases over time, you mitigate the risk associated with poorly timed lump sum investments. Additionally, since you make regular purchases, you alleviate the fear of missing out and impulsive decision-making prompted by price fluctuations. Cryptocurrency exchanges and platforms charge transaction fees for every trade. While one might assume that DCA would result in higher commission fees, it is essential to remember that this is a long-term strategy. The commission costs are negligible compared to the potential profits that can be realized over several years. Moreover, DCA does not necessitate substantial investments. This strategy involves smaller and consistent purchases, eliminating the need to determine how best to deploy a large sum in one go. Furthermore, if prices suddenly drop at the time of purchase, you can acquire the cryptocurrency at a lower price. However, it is important to note that if the cryptocurrency's price is bullish, you may end up buying at a higher price. This is particularly relevant when dealing with BTC or any chosen cryptocurrency. Many crypto enthusiasts and investors prefer to purchase a significant amount at once, fearing a subsequent price surge in the hours, days, weeks, or months to come. As previously mentioned, with the DCA strategy, you purchase small amounts at regular intervals, regardless of market stability. Should you utilize the DCA Strategy? DCA facilitates maximizing profits with relatively low risk. Although this approach is not devoid of drawbacks, it offers numerous advantages that can be leveraged to your benefit. Hence, is DCA worth your time and money? As always, we recommend thoroughly studying all available information before making any decisions. Save this article to your browser bookmarks for easy reference in the future. Happy trading!
Education
by Vestinda
11
AUDSGD ____ INCOMING BEARISH MOVEHello Guys, This pair is not so popular amongst forex traders but I do trade it sometimes and I might present a good short opportunity soon. Price just created and hunted buy-side liquidity on its way to a daily order block which if it holds, will present a good shorting opportunity. There is also a weekly FVG just above the daily order block. I would be monitoring price movement in the 1-hour timeframe, waiting for a CHOCH from bullish to bearish to take a nice short. This move is also visible on other AUD pairs (see them below) Follow for more update. AUDUSD analysis AUDCHF analysis Cheers, Jabari
Short
by jabariofafrica
AUDCHF ____ INCOMING BEARISH MOVEHello Traders, AUDCHF just entered a strong weekly order block. As you know already this pair has been bearish overall on higher timeframes like the weekly and monthly. Although, the long-term bullish impulse might be fast approaching, however, I speculate that the weekly order block will have an impact on price and we would witness some bearish movement. I'd be monitoring the 1-hour timeframe to spot CHOCH from bullish to bearish to a short trade. See my analysis on AUDUSD below. Follow for more updates. AUDUSD analysis Cheers, Jabari
Short
by jabariofafrica
US DOLLAR INDEX ____ SHORT-TERM BEARISH LONG-TERM BULLISHHello Traders, As expected last week, the dollar was bearish (see my previous DXY analysis below) but what you may notice is that Friday's candle close was bullish. I expect this week to rally the go bearish to takeout the lows of Friday's candle, after which, the long-term bullish move will commence. I will post my analysis on dollar-related pairs and how I will trade them according to my view of the dollar index. Follow me for more updates. Here's my previous DXY analysis which played out as speculated. Cheers, David
FX:USDOLLARShort
by jabariofafrica
GBPUSD ____ INCOMING BULLISH RUNHello Traders, Just like I am expecting a bullish rally in EURUSD, I also expect a rally in GBPUSD for correlations reasons. Also, we have a daily order block and also buy-side liquidity for the price to hunt and we know that price loves a nicely set liquidity pool. Ensure you look out for manipulations while waiting as I expect it to happen. Follow for more updates. Here are my analysis on the US DOLLAR INDEX and EURUSD DXY EURUSD Cheers, David
Long
by jabariofafrica
1
XAGUSD (SILVER) ____ INCOMING BULLISH RALLYHello Guys, As we can see this pair has buy-side liquidity to hunt on its way to the weekly FVG. Also, since I expect a bearish move on the dollar index, it simply gives more conviction in this rally. I also did an analysis on this pair last week which played out as speculated. Follow for more updates. See my previous XAGUSD analysis XAGUSD See this week's analysis on DXY, EURUSD, GBPUSD, NZDUSD and USDJPY DXY EURUSD GBPUSD NZDUSD USDJPY Cheers, David
FOREXCOM:XAGUSDLong
by jabariofafrica