so im going to make this short and precise ... NASDAQ has just retraced back to our major buying area @ 11500 that was broken 2 days back .And this is coming right at a time where all the smart money buyers are anticipating to start buying aiming to reach @ 11873 > @ 12000 as their 1st T & 2nd ake profit targets NB Analysis only FOR DAY TRADERS with fat...
EURNZD Has been in an uptrend dating way back ,with multi touches corfiming strong support.And also the rsi 14 period has just dip down the oversold level signaling a high probability buy signal as we are going with the trend .
USDCAD has been in a downtrend dating back from June .With several touches confirming strong resistance (downtrend)line.Further more there is divergence from the RSI making Lower low and the price making higher high signaling a sell scenario.THIS IS A HIGH PROBABILITY TRADE as we are going short in line with the price.
Price has been in a falling wedge for a coupe days & there is a strong divergence on the RSI making higher high and the price is making Lower low signaling a long trade on the 4hr.With the potential of falling hard once the long move is done.ForHIGH PROBABILITY TRADING i would advice going short once the price starts correcting it self.
Price has been in a falling wedge for a coupe days & there is a strong divergence on the RSI making higher high and the price is making Lower low signaling a long trade on the 4hr.With the potential of falling hard once the long move is done.ForHIGH PROBABILITY TRADING i would advice going short once the price starts correcting it self.