Price rejecting on resistance. Anticipating price to break below 1960 which is our support. Sell and lock profits when price is nearing support level as we anticipating a break out.
On my previous analysis I mentioned this pair is going to retest broken resistance that has become support. Price rejected on support as anticipated and broken above the trend line signaling resume of the uptrend.
Let's see if we get a retest on the previous broken support zone.
I hope the chart is clear enough to show where the market is going next. Please like and comment if you like this post.
Price has been bound in range. On the daily chart price broke out above significant daily resistance, price continued trading above broken resistance without it being retested. Break out below the consolidation zone will signal the retest of the previous resistance that has become support. Break out above consolidation zone will signal continuation of the up trend.
wait for rejection on Support to go Long on NAS next target 14K
Wait for break out and retest of the support to add shorts
NAS is setting up for a big buy to the parameters of 13300-13500
Congratulations to those who followed my previous plan.