EXPECTING FURTHER WEAKNESS IN THE USD
NAS100 4H - I am expecting further weakness in the USD after a stint of strength over the course of the next few weeks will play out perfectly for the US100. I want to see price pullback temporarily, pick up more Demand before taking us higher in the market.
Once price has traded us down, picked up more demand and continued its assent up and into the Supply Zone above, this is when I will be expecting those buy orders to be closed an removed from the market and sellers to short in.
From here I am wanting to see price take a larger move to the downside, breaking previously protected lows to create new ones as I am wanting to see more weakness in the USD. With current fundamentals, this seems like a likely and viable prediction.
It will be interesting to see how price plays out and it will be interesting to see if we can get a good entry on this market once confirmation parameters are met, I will keep you all posted.
Once price has traded us down, picked up more demand and continued its assent up and into the Supply Zone above, this is when I will be expecting those buy orders to be closed an removed from the market and sellers to short in.
From here I am wanting to see price take a larger move to the downside, breaking previously protected lows to create new ones as I am wanting to see more weakness in the USD. With current fundamentals, this seems like a likely and viable prediction.
It will be interesting to see how price plays out and it will be interesting to see if we can get a good entry on this market once confirmation parameters are met, I will keep you all posted.
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