Hello Guys, Last week I made a post on the bearish move of this pair which I capitalized on (see below for this analysis). This week I expect this pair to be short-term bearish as noted in my analysis of the dollar index. Follow for more updates. See my previous analysis on USDJPY See this week's analysis on DXY, EURUSD, GBPUSD & NZDUSD DXY EURUSD ...
Hello Traders, As you already know if you follow me, I am bullish on this pair because of my outlook on the dollar index and how this pair has structured itself. I expect the price to trade into the daily order block, then rally into the weekly FVG for the long-term bearish move. Follow for more updates. See my analysis on DXY, EURUSD, and GBPUSD DXY ...
Hello Traders, I just made an analysis on the dollar index and if you follow me, you will know I trade the USD pairs based on my analysis of the dollar index. Since I expect more bearish movement of the dollar, I am bullish on the EURUSD short-term. Follow for more updates. See my dollar index analysis. Cheers, David
What is Liquidity in Forex Trading? Liquidity is the presence of orders at specific prices in the market, ensuring that transactions can take place without disruptions. When traders talk about liquidity, they are usually referring to the resting orders in the market. These orders can be absorbed or targeted by banks and financial institutions (BFIs) to influence...
Hi 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...
Hello 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...
Hello 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...
Hello Guys, NZDJPY is currently trading in a strong supply zone, hence my bearish bias. This pair has just swept buy-side liquidity, however, there might still be more manipulation underway so tread with caution. I also did an analysis on GBPJPY (see below) Follow me for more updates like this. GBPJPY ANALYSIS Cheers, David
Hello 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...
Hello 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...
Hello Traders, So I had taken a long on this pair but I was stopped out at breakeven. However, my bullish bias has not changed because the price is trading in a weekly and daily demand zone and we still have the obvious buy-side liquidity to sweep. If you look at my chart you will notice that price just created a sell-side liquidity pool (relative equal lows)...
Hello traders, We can see that price has formed relatively equal lows and highs which is famously known as sell-side and buy-side liquidity. What price is likely to do is hunt both liquidity pools because there would be buy/sell orders, stop-losses etc. The market is more often than not going to go after the buy/sell side liquidity, thereby stopping so many...
Hello Traders, This pair is on the verge of a dump... we have a strong supply zone (red box), and we just swept daily buy-side liquidity. As you will also notice on my chart, on the lower timeframe such as 1 hour, you will see that price has created both buy-side and sell-side liquidity. As of now, the buy-side liquidity has been swept. This could mean that the...
Hello Traders, This pair might just be ready for the bullish expansion. I just entered a strong weekly demand zone and have daily buy-side liquidity to sweep. Let us be watching out for this move. I will keep you guys updated.. Follow for more. Cheers, David
Hello Traders, 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 XAGUSD. As you may see on my chart, I expect the price to be bullish at the start of the week. This will make the price enter into...
Hello 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 GBPUSD. As you may see on my chart, I expect the price to run into my POI after inducing early short selling as marked on the chart...
Hello 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 EURUSD. As you may see on my chart, I expect the price to run into the daily FVG as marked on the chart before the continuation of...
Hello Traders, EURGBP is in an interesting zone, which is a weekly FVG (yellow box), and has reacted. I expect price manipulation in the blue box which is my area of interest to look for a long setup. Another thing I would like you guys to look at is the weekly equal lows (you can use the daily timeframe to see it clearly) that have been swept with this week's...