M15
Tracking H4 and H1 POI and MITIGATION play on Dogecoin... M15Market Structure Alignment
DOGECOIN
M =
W =
D =
H4 =
H1 =
M15 =
M5 =
M1 =
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BIASES:
BB = Bullish BIAS
BRB = Bearish BIAS
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CODES:
b = Bullish
bg = Bullish Range
br = Bearish
brg = Bearish Range
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Bimb = Buyers IMBalance
Simb = Sellers IMBalance
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Boms = Break of Market Structure
Bboms = Bullish Break of Market Structure
Brboms = Bearish Break of Market Structure
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DZ = DemandZONE
SZ =SupplyZONE
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H = High
HH = HigherHIGH
HL = HigherLOW
L = Lower
LL = Lowbrow
LH = LowerHIGH
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POI = Point Of Interest
IMB = Imbalance
IC = Institutional Candle
MIT = Mitigation
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Black = Monthly
Red = Weekly
Green = Daily
Yellow = H4
SkyBlue = H1
NavyBlue = M15
Pink = M5
Purple = M1
Orange = Alerts
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BTC - Inverse Head and Shoulders - M15 Break OutHere we see Bitcoin has followed this inverse head and shoulder pattern nicely and looks to complete the right shoulder and break out to the upside pushing up to the next resistance zone between $41,500 and $43,000 USD. Larger Head and Shoulder pattern is in play on larger timeframes, indicating a push down from the highlighted SELL ZONE. Two scenarios are on the table. The first is a push back down beneath the SELL ZONE indicating a correction down to complete the larger right shoulder with opportunity to buy back in. The second scenario will see Bitcoins price push beyond the $43,000 resistance in which case upon the re-test of the SELL ZONE providing a nice confirmation BUY with strong upside potential from this point.
XAUUSD SHORT/ SELL STOPPrice is currently full of downward momentum. My bias is that price will continue to somewhere in the 1750 zone tonight or tomorrow. Price has made a nice little support on the m15 chart. The support is valid because the price has pushed up twice from the same area with major rejections. I have sell stop orders below the support, right beyond the lowest wick rejection. If the price clears the support and the wick then more than likely price will continue further down. I will be using the Heikan Ashi candles as my exit signal. I just want to catch the next bearish rally. So whenever there is a mother green candle formed while the trade is in progress on the m15, I will exit . Let's see if my orders get triggered. RISK MANAGEMENT IS KEY.
USDMXN SELL Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes outside of it , I will close the trade.
GBPCAD SHORTThere has been a major break and retest shown on the H1 for GBPCAD. I have been waiting patiently for a nice entry and I have finally got my signal on the minute 15 Fibonacci retracement. Price has wicked my golden zone and is now beginning to fall away. My first TP will be at the -27.00 extension. Once TP1 is hit , I will set trade to BE and let the rest run to my - 61.8 extension. Sl is just a little above the wick in the golden zone. Lets see if price will fall heavily here.
CHF/JPY H1 and M15 Analysis (Technical)In this example, if we see a Higher High and Higher Low on the M15 we can expect the price to continue to the upside. If it shows a Lower High and Lower Low on M15, you can consider shorting a position and take profit on some of the support and resistance lines/zones I have drawn. As we can see, the price is currently in the major resistance zone. Do your own due diligence!
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EUR/USD SHORT OPPORTUNITY: MASSIVE PROFIT?Technical
The price has touched the major resistance level just recently. Should the levels hit the 1.19 resistance level again we may possibly see a pullback to the downside. This also means a decent chunk of profits we can expect. Please wait for the price to retest and give us more information before actually shorting a position.
Fundamental
We have seen the recent low GDP, high unemployment, and COVID cases continue to rise in the States. Which also means the dollar will continue to weaken. Fundamentally it should be a long call. Do take note of its fundamental aspect.
Do your own due diligence
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