OANDA:NAS100USD NAS100 is moving a little sluggish the past few days which is not uncommon when you have a reversal situation like we currently have. The M15 provided a good exit TP point at 14481.8 before doing a slight retracement back to the upside on the M15 to create a new high today. While I did not take that entry, I noticed that it went down to...
I will be taking partial profits since the M15 is on it's way to making a segmented low, which will translate at some point to a HL on the H1. Once I do that then I will wait for another M15 high (LH) to reenter the sell. It' is still early, however the M15 low will be my first TP. OANDA:NAS100USD
Expecting a retracement after the 30 Min completes it's HH after covering the NFP candle from Friday 6/2... After this happens the sell should continue to facilitate a HL on the daily time frame before the buy resumes. Market is still in master structure of HL/HH on the monthly TF. In order for the buy to continue...the retracement needs to happen OANDA:NAS100USD
The Nasdaq 100 is continuing it's current bullish momentum closing at a H1 Higher high point at the end of Friday's session. This completes a week of a all higher lows and higher highs. The daily time frame is currently buying from an oversold low which completed at 11038.2 and which broke the H1 support/resistance at 11319.3 before coming back and retesting on...
As mentioned last week...the downtrend for NAS100 was expected to continue and that it did. The market only managed to signal an overbought high on Friday May, 13, however I am still expecting it to do a small push to retest the engulfing candle on the H4 from Wednesday 5/11/2022. The market finished on the high side on Friday, however it is still a lower high...
Since November of 2021 NAS100 has be been falling to find the next support level in it's historically HL/HH trend. As a result of this we have seen a big market sell off since making it's all time high. This is expected to continue and so sell moves will be in abundance. As of today...the market is currently in it's retracement period to set itself up for the...
Last week, AU did a hard retracement as it bounced off a weekly support line at 0.69955. If you look at all timeframes coming down from the monthly you will see the following: Monthly - Currently making a HL (That can continue to push down) Weekly - Currently at a LL but had to deal with a daily timeframe retracement. Daily - Currently formed a new low to close...
As I mentioned last week...the bears are still in control of this pair and we have finally seen that the downtrend has gotten stronger as the month comes to a close in the next two days. The day time frame has finally broken structure as expected to create a new low on Friday 11/26/2021...the daily support line at 0.71047 will no offer any barriers to stop the...
AUD/USD has been on a bearish trend since it made it's new low in January 01, 2016... If you look at the monthly time frame you will see that the current trend since then has been LH/LL's. One the weekly since making a HH on February 22, 2021, it has broken structure on May 10, 2021 by forming a LH and has since gone done to form a new low on August 16,...