JGnetworth

JGnetworth

I'm bullish on the DXY long-term, so this week's crash of USD pairs just looks like a pullback to me. The order block I have marked up on USDCAD seems to be a strong area for a reaction to occur, so let's see what happens. The time of day for this trade is not optimal, as there are higher spreads and more indecisiveness in the market as we move into the Tokyo...

JGnetworth

As we can see, Bitcoin has experienced an increase in buy volume over the past few days. If you look on the weekly timeframe, we're only a few hours away from a strong looking bullish weekly candle close. If we do in fact close with a strong bullish weekly candle, I will be looking for price to make its way down to the 50% area of the last bearish weekly candle...

JGnetworth

Wait for price to breach the red trend line and retest.

JGnetworth

Happy Monday people! So my bias towards USD base pairs remains the same for this week. Last week we saw USDCAD work its way up as a nice retest to a previous zone that needed some more price action within. This would ensure that the movement remains healthy, as it would be abnormal to see a pair just move up or down with no retracements. So to make a short story...

JGnetworth

Price action looks good. This stop is super tight, but I always mitigate my risk as much as possible. So now that we've came up to retest the breakout to the downside, It would be reasonable to expect price to continue to drop just a little more, until we reach the target area. This area is at the support level below, where countless stop losses remain untouched.

JGnetworth Updated 

In a weekly and daily downtrend. Price mitigated from an institutional area this morning and has been going down since, creating support levels and breaking through them to the downside promptly. I believe we are going to see price go below the 1.27200 support level on a larger timeframe. It lines up with the bearish price action on larger timeframes, and i'm...

JGnetworth

Liquidity captured, price ready to create a new range upwards

JGnetworth

As we can see on the weekly timeframe, Polkadot has broken out of its long-term resistance along with several other altcoins. We can also see that DOT has been retracing back down over the past few days. My bias is to the upside, so I see this bearish price action simply as a pullback before launching above this week's range and even above $6. My confirmation for...

JGnetworth Updated 

Something that has helped me breakthrough with my trading lately has been analyzing what price does on a smaller timeframe, and then scaling out to see what the structure looks like on the H, 4H, D, W charts. I truly believe the break & retest is the most powerful way to lock in entries with a strong confirmation, and watching what price does on a fractal scale to...