NAS100USD ( UNDER UPWARD PRESSURE ) ( 4H )
Updated
NAS100USD
HELLO TRADERS
The price is currently under upward pressure as long as trading continues above the support level of 18,696. For today, staying below 18,085 indicates a decline towards 18,696, but breaking this level supports a rise towards 19,522.
TARGET LEVEL :
Turning level : 19,085 , Time frame 4H
HELLO TRADERS
The price is currently under upward pressure as long as trading continues above the support level of 18,696. For today, staying below 18,085 indicates a decline towards 18,696, but breaking this level supports a rise towards 19,522.
- Tendency , the price is under bullish pressure , until trading above turning level around 19,085 .
- Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 19,085 , leading to rise that could reach the resistance level (1) at 19,522 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 20,082 and 20,475 .
- Downward Zone: as long as the price remain below the turning level at 19,085 , it may drop towards the support level (1) at 18,696 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 17,772 and 17,270 .
- CORRECTIVE : currently price it will be attempt to retest to reach a support level (1) at18,696 before rising .
TARGET LEVEL :
- RESISTANCE LEVEL : 19,522 ,20,082 , 20,475 .
- SUPPORT LEVEL : 18,696 , 17,772 , 17,270 .
Turning level : 19,085 , Time frame 4H
Trade closed: target reached
reached our target +450pip profit .
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