The 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...
Hello Traders, EURNZD has just traded into a daily supply order block just after running buy-side liquidity (equal highs). I have a long-term bullish bias on this pair, however, I speculate that we might see a bearish move from this daily order block before resuming the bullish rally. Follow for more updates like this. Cheers, Jabari
Hello 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...
Hello Traders, We have a case where price has retraced into the daily order block and has consolidated for some days now. However, I think NZDSGD is ready for the bearish move. I will be monitoring the retracement into the indicated region on my chart for an entry in the 1-hour timeframe. Follow for more updates like this. Cheers, Jabari
Hello 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...
Hello 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...
Hello 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...
Hello 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.
Hello 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...
Hello 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...
Hello 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...
Hello 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...
Hello 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...
Hello 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...
Hello 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...
Hello 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...
Hello 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....
Hey 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...