I was looking for Nas100 characteristics around elections on a daily timeframe. I found some similarities: 2016 Market Top (4906) was 34 bars before the E-day, it never came back to the same levels. 2020 Market Top (12467, 2.54x) was 44 bars before the E-day, it broke down these levels in Jun-Dec 2022. 2024 Market Top (20758, 1.665x) was 83 bars before the...
The EURCAD pair is in a range on daily timeframe between: - Resistance range around 1.5174 - Support range around 1.48824 On 4H timeframe it has formed a harmonic pattern with a slight divergence in making. I am biased for a bearish leg. Trade Plan: Waiting for break of Point B. Placed a sell stop order around 1.50813 with stop loss above Daily Resistance 1.51862
GBPUSD is continuously making LH, LL. Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started. It has formed a bearish channel that is still valid. A key support area is found around 1.26105. Trade plan: Place a sell stop order when LL breaks Stop Loss: 1.29984 Sell Stop : 1.29035 TP1:...