Markets are expected to consolidate around current market price then drop a but towards SL level for our Entry for the Long Rally (Buy).
Nas had a rally up following from the previous fundamental report (FOMC) prices pushed up then formed a H.H (Higher High) market then dropped to respect consolidation so I'm expecting prices to continue to push down to cover up the Sell Liquidity That Was Formed by the recent volatile fundamental report (FOMC).
The Upcoming NFP fundamental Should Push Prices Higher Then We Get A Rejection And Enter To follow the Drop To The Marked Target Level Below On The Chart .
Expecting Market to rally down on NYSE towards SL (Stop Loss) level then reject and rally up to TP point.
Looking For Market To Drop To Marked Entry Point Just About SL (Stop Loss) Level, on The Long Position Drawing Tool, TP to Be Set At The Previous High Marked By The First Green Line Of The Fib Level.
Market Rallied Up On Friday Due To The Fundamentals But Price Will Continue To Push Down This Week. We Have Other Major Fundamentals Coming This Week That Will Add On To Boost The Markets To Drop Further Down To 32500.10 .
US30 Should drop to 30000.00 that will be our first TARGET (TP;30000.00) then at 21;00 (15;00 NY TIME) we should get a rally down further going TOWARDS 29800.00 This will be our second target for the SELL TRADE EXECUTED (TP2; 29800.00).
Market dropped according to our setup, our target was reached. Will share another setup tomorrow.
Germany30 should drop down to the level pointed by the black arrow shown on the chart, that's where our TP is for Ger30.
We should expect a rally up closer towards the level of our SL (red area on the chart) then market should push down to the red line which is our TP for the short SELL we executed on US.30
Market formed a tight flag (continuation of a downtrend) which gives us more confirmation of going short on Ger30, therefore when NYSE opens @09:30am market is likely to shoot up and reject to follow the downtrend structure setout by the tight flag formation. Follow Us on Instagram @tgc_fx for more content and more info.
Market should rally up when NYSE opens @ (09:30am NY Time), then we should get a melt down (bearish move) to the previous low which is the area where the target for the short position is ste.
When the market opens we will expect a bearish gap followed by a bearish candle stick to confirm bearish movement to the previous support area.