The DOGE is inferior to the inflation rate of the USD and has a limitless supply, albeit the inflation momentum does diminish over time due to a set distribution pace. Although the circulating supply is fully unlocked, the total amount of DOGE is already high. Dogecoin's one-minute block time is inferior to those of other payment processors like VISA. In addition...
Monthly : On the monthly timeframe we have a few key things going on. For one we have an overall downtrend that has been respected since 2011. Next we have a downtrend that was respected from 2015, with an underlying uptrend from the same time. Together these trendlines have created a bearish variant Symetrical Triangle structure. Market is currently at the 5th...
Monthly & Weekly : On the monthly timeframe we don’t really see any clear trend. There was a trendline that was broken, so it’s safe to say that anything over this trendline is bullish, however we are stopped by the monthly resistance zone that has been respect for the past 4 years. I have noticed that the resistance zone also falls in the same place as the...
We have two trades present. The first one is the buy trade into the sell zone and the next one is the sell which is the main trade for CADJPY. We have a flag formation from the daily diagonal s/r zone. The lowest key level formed was in the most recent liquidity zone and rejected. Expectations: The market will come down, test the lowest wick and then buy into...
CHFJPY has been on a consistent uptrend on all of the higher timeframes, and has just now found some resistance. The retracements on the higher timeframes have been around the 61.8% range so that is what we are looking for moving forward. On the daily chart we have broken structure to continue the sell until the end of this overall retracement zone. Expecations:...
We missed this trade by about 9 pips. What we should have done was identify the key levels from previous structure and set our entry and stop loss by those points. Reminder to always get more detailed values by using key levels.
Caught this trade right in the liquidity zone. We believe that every pair has a bank trade, and we believe we caught it. This is the lowest point before a buy or the highest point before the sell.
I am currently backtesting this losing AUDUSD trade to identify what was done right and what I could have been done better. Overall I had the structure of the trade perfect down to the take profit, but the issue with this trade was the stop loss was too tight. I understand the uses of supply and demand zones now, so I will be less likely to make this mistake again...
According to a top down analysis of the pair, price has recently broken the sell trend and has successfully retraced into a 50% fib. We are now looking for this pair to retest the lowest part of the retracement in the demand zone, where we will gather buy positions and hold until about 200 pips.
I started with a top down analysis and noticed that according to the weekly time frame, this pair has reached it's support zone. On the daily chart we have seen that price has formed a double bottom testing the support zone. On the H4 we have seen a downward facing flag formation, and according to proper market structure we are expecting a bullish movement to...
When I trade major pairs like USD or JPY, I notice a more stringent market structure formation. Very rarely do these major pairs not follow market structure rules on higher timeframes. We see a clear bullish movement according to the horizontal support line. I'm looking at an entry at the last retracement wick, which beautifully touched the 61 line on the fib. The...
According to top down analysis, the D1 has started to form a triple top formation. I see price retracing back to the 61 on the fib, which also happens to be the cross formation of the alligator indicator. We are going to wait for price to retrace back up to entry, and then we should see bearish moment continuing.
GBPCHF is currently approaching the last lowest wick support zone. The pair has also formed higher highs on the D1, so I am expecting a double bottom to form at the support zone, and go into bullish momentum. Stop loss is tight so we are looking at a solid basic support to resistance trade, according to the upward trend of the pair.
We are looking at a bearish pennant variant on the D1. I am expecting price to continue selling towards and eventually past the horizontal support line. Price has currently attempted to touch the major resistance zone, and missed it by a few pips, indicating that this pair is preparing to break structure and turn. My sell limit is assuming that price retraces to...
We are observing the formation of a bullish pennant formation on the daily time frame. A top down analysis allows us to observe the pennant on the Daily, and understand that before price makes its way into a bullish formation, it must respect the horizontal support line. Our buy limit is set at the bottom of the horizontal support as it pertains to the last two...
I set the sell limit higher than current price because I believe the pair will retrace back to the last highest wick, around the 61 in the Fib from the current price. I see price going straight down into the support zone and either sell past it or make its way back up, regardless we are in a good position for a 33 pip stop and a 300 pip gain.
I have been looking at AUDCAD for a while, as it has began to approach a high that it has not touch in a few months time. I knew it would begin to sell and now the movement has started. Our entry is already approaching TP1, we are looking for it to possibly retrace back up to entry and then bring us into the trade, and we are going to ride it down a couple hundred pips!
On the higher timeframes we can see an obvious uptrend beginning to form on GBPUSD. The current price has gone back up and began to come down after confirming a double top on an ascending triangle formation. We are taking sells until it continues to go down to create a 3rd touch point of the triangle on the horizontal support line, where we have set our buy limit.