GBPNZD ____ INCOMING BEARISH MOVEHello Traders,
GBPNZD has been heavily bullish and with this bullishness, it created imbalances which can also be referred to as price inefficiency which would be made efficient or rebalanced in the future.
Last week, there was a bearish CHOCH on the daily timeframe which indicates a shift from bullish to bearish. Could this mean that price is ready to rebalance the inefficiencies? I don't know but the probabilities are positive.
I will be waiting to see if price will trade into the daily supply orderblock. When this happens, I will go into the 1hour timeframe to see if there will be a shift in structure to go short. If I don't see, I don't trade.
Price might not get to the order block due to the strong bearish move and just continue. Our job is to wait.
See below for correlated pairs: EURNZD, NZDCHF & NZDSGD
Follow for more updates like this.
EURNZD ANALYSIS
NZDCHF ANALYSIS
NZDSGD ANALYSIS
Cheers,
Jabari
Tradingstrategies
USDJPY: Strong Support and Upward TrendThe price reached a strong support level and touched the ascending trendline. With a long-term upward trend, I expect further upward movement. It is worth examining the processes on lower timeframes and looking for entry points.
If you find it useful, like, follow, share!
Good trading!
CRUDE OIL UPDATE, LAST ZONES FOR BULLS For me, everything above 80 dollars is bullish. Bounced back from the last range and fib 0.381.
We are also at the VAH of the previous range, the 50 and 200 daily EMA that it currently holds. In front of this zone comes the 50 100 200 daily MA.
I would most like to see scam wick to VAL which is also 0.618 fib 73.28$
Two big trades with real risk reward that can go through.
I'm not sorry if this strategy doesn't work, the last two chances for the bulls and should be used.
Best luck.
USOILLast time I hung up when there was a daily 3 divergence on Daily and retest VAL and I wrote that I expect another retest. Now we are testing POC plus a few minutes ago we received positive news that there is even more stimulation compared to August 16. There is also a 4h divergence on momentum and RSI here, the stop below the start is worth trying.
Tell me your opinion about this!
RUNE gonna rune?Most crypto asset are all going to test the May 2022 level before getting rejected. Some get there, so do not and get there and pass it but still get rejected over time. Rune started similar race toward same level and it is still holding, but will that continue till the top of 2021, I doubt it, but if it does, its goo for entry 3. For now i expect the direction as shown on the chart using the CSTP indicator to analyze the market volume sentiment conditions.
#tradesmartly
Is BTCUSD low at 28477 going to hold and become a W bottom(2)This is in reference to our previous idea of looking at a potential entry on daily seller bar high to be taken out for price to continue further upwards and go onto confirm the bottom on daily and then weekly according to our smart money framework and indicator.
The bottom has not held and price is going further down. The trade is now invalid and the
order will now be cancelled. Refn image from our previous idea as below.
Is GBPUSD low at 1.2616 going to hold and become a W bottom(3)This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale.
As of today,the daily bar seems to be going in our favour for the 4th day in a row. Let us see if the bottom confirms on the daily today according to the Smart Money framework and indicator.
If it does, we would have got the 1st part right of the 4h bottom confirming to become the daily bottom and then the last part which we need to see if it goes to confirm the weekly bottom.
Refn Images as below.
Waiting for EURUSD weekly top to confirm before trading P1 moveWe are looking to capture a weekly P1 move on EURUSD after the top confirms on the weekly timeframe. We are following the smart money framework based on cycles and the volume spread analysis methodology to catpure the turning points in the market and to ride the big runners.
Is GBPUSD low at 1.2616 going to hold and become a W bottom(2)This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale. Let us check and see if the bottom confirms today according to the smart money framework. So far, the daily is going in our favour.:)
Refn Images as below.
GoldViewFX - Gold LEVELS and TARGETS for the weekHey Everyone,
Please see our updated 1h chart levels and targets.
Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above.
1919 and 1902 fall in the retracement test range and likely areas of test. We will keep this in mind when taking buys from dips. A break and lock below 1902 will open the swing range, which will allow us to track the movement down and the catch bounces up. This style allows us to naturally fall back in the long term trend without looking for the bottom or top.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1918
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1937 -
1946 -
BEARISH TARGETS
1910 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1895 - 1884
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
DOLLAR (DXY) ____ ANOTHER BULLISH RALLY Hello Guys,
This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts...
If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue.
It would be nice to see price retrace into the order block and see if price will change from bearish to bullish before continuing the rally. However, due to the manipulation that happened yesterday, there is a chance that price would not retrace to the order block before continuing to rally.
Since the dollar is bullish, it simply means that pairs such as AUDUSD, GBPUSD, and NZDUSD would print a bearish candle by the end of Friday while USDCAD & USDCHF would print bullish candles.
Follow for more updates like this.
Cheers,
Jabari
GoldViewFX - 4H Chart LEVELS and TARGETS for the weekHey Everyone,
Please see our updated 4h chart levels and targets.
We are in bearish formation respecting the Goldturn descending channel and currently testing the 1911 Goldturn support. We have 1918, as the immediate Bullish target with a break and lock above this level will provide the momentum to test the channel top.
Price has found support at 1911 for a bounce towards the channel half-line also inline with the target to 1918. Ema5 cross and lock above 1918 will open the range above also inline with the channel top.
We will continue to buy dips using the weighted support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
Retracement and swing ranges have been updated for correctional retests.
BULLISH TARGETS
1918 -
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1927 -
1934 -
BEARISH TARGETS
1911 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1882
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Daily chart mid/long term TargetsHey Everyone,
Please see our Daily chart update that we have been tracking. Price bounced off the resistance structure leaving a long term gap to 1992. The rejection played into the Axis support level.
EMA5 previously failed to break this level, which followed with a bounce back up. If we see EMA5 cross and lock below this level then we are likely to see the range below open up.
The range below will also provide dynamic swings throughout the movement, allowing us to buy dips using the smaller timeframes.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
BTCUSD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Guys,
I don't trade crypto for personal reasons but a friend requested I do this for her and I thought to share it here too.
Although BTCUSD still needs to reach lower before rallying, I speculate that the coming week will be bullish for a particular trading pattern I have come to understand differently than what is been taught or written about. I would do an educational post on this someday.
Right now, you'd notice that price is hunting sell-side liquidity and is likely to complete this move into a daily order block after which I speculate that price would rally to hunt buy-side liquidity.
Follow for more updates like this.
Cheers,
Jabari
EURNZD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Traders,
EURNZD rallied almost throughout this week and at some point it is expected to retrace. If you go on your monthly chart and use your Fibonacci to calculate the extension, you would notice that price just traded to the first expected price target and it make sense that the price should start the retracement from there.
On the 1-hour chart, you would notice that a CHOCH has formed which could lead to a retracement in price.
Follow for more updates like this.
Cheers,
Jabari
NZDCAD ____ TRADE IDEA FOR DAY TRADERSHello Day Traders,
I come bearing bearish fruits.
This trade is simply a continuation of the bearish trend. Looking at the daily chart, you will notice that the price structure in the past couple of days is bearish. Also, there was a price manipulation to the bullish side yesterday. This is very visible by just looking at how yesterday's candle closed.
My speculation is that price would retrace into one of these order blocks and confirmation for the bearish continuation would be seen on lower timeframes. Which one of the order blocks would hold? well, I don't know but we shall see.
I would like to also state that price might just continue selling to the target price without giving a retracement to any of the order blocks.
Follow for more updates like this.
Cheers,
Jabari
GBPUSD ____ TRADE IDEA FOR DAY TRADERSHello Day Traders,
What you can see is a sell setup on GBPUSD... Looking at the daily timeframe, you would notice that this pair is bearish in structure... Although the bullish rally is drawing closer, it is always advised you trade what you see not what you want the market to do.
The daily chart shows that there is likely to be another daily bearish candle and looking at the 1-hour timeframe, it is clear that we have sell-side liquidity to sweep. It would be nice to see if price will trade into the order block before going to sweep the sell-side liquidity.
Once price trades into the order block and there is confirmation in market structure shift from bullish to bearish, the target would be to hunt the sell-side liquidity as marked on my chart.
Follow for more updates like this.
Cheers,
Jabari
GBPSGD _____ TRADE IDEA FOR DAY TRADERSHello Traders,
I know this pair is not one that most people trade, however, the price structure of this pair presents a short trade for day traders.
This pair has some bearish juice in it and based on the price structure, this pair is retracing after the bullish rally. If you look closely at how yesterday's candle closed, you will notice that the price was manipulated to the bullish side only to close bearish. Hence, a bearish continuation is probable.
I'd like you to look at my speculation on GBPUSD for day traders (inserted below)
Follow for more updates like this.
GBPUSD ANALYSIS
Cheers,
Jabari
CRVUSDT Presenting a Bullish Scenario? Curve Analysis Today💎CRVUSDT is presently navigating within a descending channel and making lower lows and lower highs on the 1D timeframe.
💎One critical point to notice is that it is positioned near a crucial support level, which aligns with the POC of VRVP.
💎 Just beneath, there's a pronounced demand zone and additional significant support that CRV could potentially approach for a retest.
💎 While there's a minimal likelihood that CRV may breach both these supports and persist in its decline, we're hopeful that CRV will emerge from this channel in the upcoming days.
💎Keep a lookout for further insights and relish your trading voyage with #MyCryptoParadise.