


DerbyT
Did, my analysis yesterday, and today played as shown for a quick buy, and hold. Notably there is a lot of buying pressure. with a lot of buying points. Of particular interest is the demand zone at the top.
This could potentially mean, a break and retest for both the trendline and the support and retests.
some cool supply and demand levels seem to be forming. I like that. I am not involved in forex. But we may be looking at shorting from the supply upn returning but will need to go long when the price hits that demand.
If you check my previous analysis on this one, l called out for long on first touch of the demand level. God knows , that was a crispy trade. I pray for more like that one. How ever there is a possible retest on that break and I'd be going longer than the journey to Mars hahaha haha :)
The time is off, but l would be looking for long positions.
I haven't analysed currencies in days if not years. However yesterday l had eiphany and l thought l'd use RSI oscillator to my advantage. Here l see l possible short position at either the supply or the support
The Nas has been selling lately, waiting for retracement for quick shorts might have the least risk. There is a zone of prices of interest and would prefer shorting around there.
there is a potential retraction of price to a supply zone close to a broken support. price might then head towards the demand at the bottom.
I hate shorting Nas 100. but l would short this thing right away . the downward trend combined with the retest on the broken support are good enough confirmation for a short.
I am not a big fan of chart patterns. However the falling flag could be a good signal for a good long.
There is a possible long in Nas 100. provided we get a retracement , the tow levels would be a good place to go long
a possible long on Nas Odds price might not even retract to the lower level marked