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
Tradingstrategies
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
AUDCAD ____ INCOMING BULLISH MOVEHello Traders,
Here is one for you guys this week... You can see how the price hunted the buy-side liquidity and it is heading for the weekly order block.
I will be waiting for the price to hit that level, then switch to the 1-hour timeframe for CHOCH to go long.
Always keep it simple.
Follow for more incoming trades.
Cheers,
Jabari.
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
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
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.
📉 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.) 💡💼📚
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.
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! 😄
APTOS: Bullish Flag Pattern Detected Continuation to $20!Hello, Traders! Today, I want to share an exciting technical analysis finding on Aptos (APTOS). A bullish flag pattern has been identified, indicating the potential for a continuation of the previous uptrend, with a target of $20. Let's dive into the details!
📈 Ticker: APTOS
📅 Timeframe: Daily Chart
📊 Pattern: Bullish Flag
📉 Understanding the Bullish Flag Pattern:
A bullish flag pattern is a continuation pattern that typically forms after a strong upward price movement. It consists of a flagpole (the initial sharp rise) followed by a consolidation phase in the form of a rectangular flag. This pattern suggests that the market is taking a brief pause before resuming the upward momentum.
🔍 Identifying the Bullish Flag on APTOS:
Upon analyzing the daily chart of APTOS, the following observations come to light:
1️⃣ Strong Uptrend: APTOS has experienced a notable upward price movement.
2️⃣ Rectangular Flag: A consolidation phase formed with parallel trendlines, resembling a flag, following the initial rally.
3️⃣ Decreasing Volume: The trading volume during the consolidation phase has declined, indicating a potential temporary lull in market activity.
📈 Price Targets and Trading Strategy:
If the bullish flag pattern on APTOS plays out as expected, it suggests a potential continuation of the previous uptrend. Consider the following revised price targets:
1️⃣ Target 1: Resistance level near $15.00
2️⃣ Target 2: Potential breakout towards the next resistance level near $18.00
3️⃣ Target 3: Extended move towards the top of the bull flag near $20.00
🛡️ Risk Management:
Managing risk is crucial for successful trading. Implement the following risk management techniques:
1️⃣ Set a stop-loss order below the lower boundary of the flag pattern to protect against unexpected price reversals.
2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on Aptos (APTOS) as it exhibits a bullish flag pattern, indicating the potential for a continuation of the previous uptrend. The revised price targets suggest potential resistance levels at $15.00, $18.00, and an extended move towards the top of the bull flag at $20.00. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors and fundamental research before making any trading decisions.
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial professional before making investment decisions.
Happy Trading! 📈💰
#tradingview #technicalanalysis #bullishflagpattern #APTOS #continuationpattern #tradingstrategies #investing #finance #marketanalysis
Bullish Reversal on DRIP/BUSD: Falling Wedge Pattern UnveiledGreetings, Traders! Today, I want to share an exciting technical analysis finding on the trading pair of DRIP (the DeFi protocol) and Binance USD (BUSD). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's delve into the details!
📈 Trading Pair: DRIP/BUSD
📅 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 DRIP/BUSD:
Upon analyzing the daily chart of DRIP/BUSD, the following observations come to light:
1️⃣ Recent downtrend: The trading pair 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 DRIP/BUSD plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets:
1️⃣ Target 1: Resistance level near $40.00
2️⃣ Target 2: Psychological resistance near $50.00
🛡️ Risk Management:
Managing risk is essential for successful trading. Implement the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements.
2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on the DRIP/BUSD trading pair as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant 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 #fallingwedgepattern #DRIP #BUSD #DeFi #cryptotrading #chartpatterns #bullishreversal #tradingstrategies #investing #finance #marketanalysis
Reversal Potential on $XLM: Falling Wedge PatternHello, Traders! Today, I want to share an exciting technical analysis finding on the cryptocurrency Stellar Lumens ( LSE:XLM ). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's dive into the details!
📈 Ticker: LSE:XLM
📅 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 LSE:XLM :
Upon analyzing the daily chart of LSE:XLM , the following observations come to light:
1️⃣ Recent downtrend: LSE:XLM 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 LSE:XLM plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets:
1️⃣ Target 1: Resistance level near $0.40
2️⃣ Target 2: Psychological resistance near $0.50
🛡️ Risk Management:
Managing risk is crucial for successful trading. Implement the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements.
2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on Stellar Lumens ( LSE:XLM ) as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant 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 #xlm #cryptocurrency #chartpatterns #tradingstrategies #investing #finance #marketanalysis
Learn How to Trade Cup and Handle (rare but profitable pattern)☕
If you are studying a price action, you should definitely know Cup and Handle formation.
Being applied properly, it can generate big profits.
In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies.
📏And let's start with the structure of the pattern.
The pattern has 3 important elements:
Cup - long-term correctional movement that tends to move steadily from a bearish trend to a bullish trend.
Handle - short-term correctional movement with signs of bullish strength.
Neckline - upper horizontal boundary of the pattern - a strong resistance that the price constantly respects.
⚠️Being formed, it warns you about a highly probable coming bullish movement.
The trigger that confirms the initiation of a bullish wave is a breakout of the neckline of the pattern and a candle close above.
Here is the example of a completed C&H with a confirmed neckline breakout, indicating a highly probably coming bullish movement.
Depending on the preceding price action, Cup & Handle Pattern can either be a trend-following or reversal pattern.
📉If the pattern is formed after a bearish impulse. It is considered to be a reversal pattern.
Here is the example of a reversal C&H that I spotted on EURUSD.
📈If the pattern is formed at the top of a bullish impulse, it is considered to be a trend following pattern.
Here is the example of a trend following C&H that I spotted on GBPJPY Index.
The thing is that while the price forms the C&H, buying volumes are accumulating. Even though, buyers are hesitant and reluctant initially, their confidence grows, and the accumulation leads to explosive neckline breakout.
There are 2 strategies to trade this pattern.
✔️Strategy 1.
That approach is quite risky, but the reward can be quite substantial.
You should monitor the price action when the price is forming a handle. Occasionally, the price starts trading in a falling channel: parallel or contracting one.
Your trigger will be a bullish breakout of its resistance and a candle close above.
Once the violation is confirmed, you can buy aggressively or set a buy limit order on a retest.
Stop loss will lie below the lows of the channel.
Target will be the closest key resistance.
Here is the example of the handle being a falling channel.
📍Strategy 2.
Wait for a breakout of a neckline of the pattern.
Once a candle closes above that, it will confirm the violation.
Buy the market aggressively or set a buy limit on a retest of a broken neckline then.
Stop loss will lie below the lows of the handle.
Target will be the closest key resistance.
Here is the example of the trade based on a confirmed breakout of a neckline of C&P on NASDAQ Index.
Applied properly, the strategies may reach up to 70% win rate.
As always, the best pattern will be the one that forms on a key level.
Try it, test it, and good luck in your trading journey.
❤️Please, support my work with like, thank you!❤️
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
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
CADJPY ____ INCOMING BEARISH MOVEHello Traders,
CADJPY traded into a strong weekly order block last week but didn't sell as expected. However, it created both buy-side and sell-side liquidity. My speculation is that It hunts the buy-side liquidity first, then go for the sell-side liquidity.
This simply means that the price would run deeper into the weekly order block to gather momentum for the bearish move.
Follow for more updates.
Cheers,
Jabari
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
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
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