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Editorspick

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
AUDUSD _____ INCOMING BEARISH MOVEHello Guys, If you follow me already, you would know 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, AUDUSD should be bearish. Currently, NZDUSD has traded into the weekly order block, and we may commence the bearish move from here. Price is also trading in the monthly order block with gives more confluence for a bearish move. The goal will be to trade lower into the monthly demand order block. Follow for more updates. Dollar Index analysis Other USD-related pairs GBPUSD NZDUSD USDJPY USDSGD Cheers, Jabari
Short
by jabariofafrica
2
USDSGD ____ INCOMING BULLISH MOVEHey Guys, USDSGD hunted sell-side liquidity last week Thursday & Friday and also traded into the weekly FVG. From the weekly FVG, I speculate that the price will rally to hunt the buy-side liquidity and head into the daily FVG. However, I expect that price will try again to go lower at the beginning of the week and start the bullish rally. Also, as a confluence, the dollar index is also getting ready for the bullish rally (see below my analysis on DXY) Follow for more updates. Feel free to DM me. See my Dollar Index analysis Other USD-related pairs GBPUSD NZDUSD USDJPY Cheers, Jabari
Long
by jabariofafrica
NZDUSD ____ INCOMING BEARISH MOVEHello Traders, If you follow me already, you would know 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, NZDUSD should be bearish. Right now, NZDUSD has traded into the weekly FVG, and from here, we may commence the bearish move. (See my previous analysis of NZDUSD below) Follow for more updates. Dollar Index analysis Previous NZDUSD analysis This week's analysis on GBPUSD Cheers, Jabari
Short
by jabariofafrica
GBPUSD ____ INCOMING BEARISH MOVEHello Guys, If you follow me already, you would know 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, GBPUSD should be bearish. Right now, GBPUSD has traded into the daily order block, and from here, we may commence the bearish move. (See my previous analysis of GBPUSD below) Follow for more updates. Dollar Index Last week's GBPUSD analysis Cheers, Jabari
Short
by jabariofafrica
The ABCD Pattern: from A to DHello dear @TradingView community! Are you familiar with the ABCD pattern? The ABCD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures. This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price swings or trends. When observed on a price chart, the ABCD pattern exhibits a striking resemblance to a lightning bolt or a distinctive zig-zag pattern. Importance of the ABCD Pattern The significance of the ABCD pattern lies in its ability to identify trading opportunities across different markets, timeframes, and market conditions. Whether the market is bullish, bearish, or range-bound, the ABCD pattern remains a reliable tool. By recognizing the completion of the pattern at point D, you can get a perspective trade entries. Furthermore, the ABCD pattern helps you determine the risk-to-reward ratio before initiating a trade. When multiple patterns converge within the same timeframe or across different timeframes, it strengthens the trade signal and increases the likelihood of a profitable outcome. Finding an ABCD Pattern The ABCD pattern has both a bullish and bearish version. Bullish patterns indicate higher probability opportunities to buy or go long, while bearish patterns suggest opportunities to sell or go short. To identify an ABCD pattern, it is essential to locate significant highs or lows on a price chart, represented by points A, B, C, and D. These points define the three consecutive price swings or legs of the pattern: the AB leg, the BC leg, and the CD leg. Trading is not an exact science, so traders often employ Fibonacci ratios to determine the relationship between the AB and CD legs in terms of both time and price. This approximation assists in locating the potential completion of the ABCD pattern. When patterns converge, it increases the probability of successful trades and enables you to make more accurate decisions regarding entries and exits. Types of ABCD Patterns There are three types of ABCD patterns, each having both a bullish and bearish version. To validate an ABCD pattern, specific criteria and characteristics must be met. Here are the characteristics of the bullish and bearish ABCD patterns: 📈 Bullish ABCD Pattern Characteristics (buy at point D): To effectively trade the bullish ABCD pattern, you might consider the following characteristics: 1. Find AB: Identify point A as a significant high and point B as a significant low. During the move from A to B, ensure that there are no highs above point A and no lows below point B. 2. After AB, then find BC: Point C should be lower than point A. In the move from B up to C, there should be no lows below point B and no highs above point C. Ideally, point C will be around 61.8% or 78.6% of the length of AB. However, in strongly trending markets, BC may only be 38.2% or 50% of AB. 3. After BC, then draw CD: Point D, which marks the completion of the pattern, must be lower than point B, indicating that the market has successfully achieved a new low. During the move from C down to D, there should be no highs above point C. 4.1 Determine where D may complete (price): To determine the price level at which point D may complete, Fibonacci and ABCD tools can be utilized. CD may equal AB in price, or it may be 127.2% or 161.8% of AB in price. Alternatively, CD can be 127.2% or 161.8% of BC in price. 4.2 Determine when point D may complete (time) for additional confirmation: For additional confirmation, you can analyze the time aspect of the pattern. CD may equal AB in time, or it may be around 61.8% or 78.6% of the time it took for AB to form. Additionally, CD can be 127.2% or 161.8% of the time it took for AB to form. 5. Look for Fibonacci, pattern, trend convergence: Convergence of Fibonacci levels, pattern formations, and overall trend can strengthen the trade signal. Therefore, you should look for instances where these elements align. 6. Watch for price gaps and/or wide-ranging candles in the CD leg: As the market approaches point D, it is important to monitor for any price gaps or wide-ranging candles in the CD leg. These may indicate a potential strongly trending market, and you might expect to see price extensions of 127.2% or 161.8%. 📉 Bearish ABCD Pattern Characteristics (sell at point D): To effectively trade the bearish ABCD pattern, you might consider the following characteristics: 1. Find AB: Identify point A as a significant low and point B as a significant high. During the move from A up to B, ensure that there are no lows below point A and no highs above point B. 2. After AB, then find BC: Point C should be higher than point A. In the move from B down to C, there should be no highs above point B and no lows below point C. Ideally, point C will be around 61.8% or 78.6% of the length of AB. However, in strongly trending markets, BC may only be 38.2% or 50% of AB. 3. After BC, then draw CD: Point D, which marks the completion of the pattern, must be higher than point B, indicating that the market has successfully achieved a new high. During the move from C up to D, there should be no lows below point C and no highs above point D. 4.1 Determine where D may complete (price): To determine the price level at which point D may complete, Fibonacci and ABCD tools can be utilized. CD may equal AB in price, or it may be 127.2% or 161.8% of AB in price. Alternatively, CD can be 127.2% or 161.8% of BC in price. 4.2 Determine when point D may complete (time) for additional confirmation: For additional confirmation, you can analyze the time aspect of the pattern. CD may equal AB in time, or it may be around 61.8% or 78.6% of the time it took for AB to form. Additionally, CD can be 127.2% or 161.8% of the time it took for AB to form. 5. Look for Fibonacci, pattern, trend convergence: Convergence of Fibonacci levels, pattern formations, and overall trend can strengthen the trade signal. Therefore, you should look for instances where these elements align. 6. Watch for price gaps and/or wide-ranging bars/candles in the CD leg: As the market approaches point D, it is important to monitor for any price gaps or wide-ranging bars/candles in the CD leg. These may indicate a potential strongly trending market, and you might expect to see price extensions of 127.2% or 161.8%. 💜 We would love to hear your feedback! Did you find the article on the ABCD pattern helpful? We strive to provide valuable and informative content for traders like you. Your feedback is important to us as it helps us improve our articles and better serve our readers. Please take a moment to share your thoughts and suggestions. Did the article cover the topic comprehensively? Were the explanations clear and easy to understand? Is there anything you would like us to add or elaborate on? We appreciate your time and input. Thank you for being a valued reader, and we look forward to hearing your feedback!
Education
by Vestinda
11
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