Nas100: Looking at the current market conditions, price is reacting from a HTF demand.
To confirm that this demand will hold, I will be looking for further LTF confirmations and breaking of structure (HH & HL). That being said, HAPPY TRADING.
Considering that the chart is in an overall HTF bearish state and has also not yet presented us with long setups, I'm still looking for short objectives, obviously not forgetting that on a HTF, price is consolidating inside demand. One of two things can happen and I'm going to be watching price action and will update moving forward.
Hello friends
Every time I look at the chart, I see nothing but upward movement conditions
But it all depends on the weekly candle that closes tomorrow
In terms of time, we will most likely climb on January 8th
So before that there is a possibility of suffering or a slight decrease
If you look at the weekly time frame in the picture (top right) it promises to...
STRATEGY: NZDCAD Ascending Channel Counter-Trend Strategy
DETAILS
Long Term Trend Time Frame: 1D/4H
Focus Time Frame: 4H
Entry Time Frame: 1H
Market Condition
Long Term: Downtrend (based on 1D TF/200EMA)
Short Term: Uptrend/Consolidation (based ion 1D TF/10EMA and 50EMA) inside Ascending Channel
CHART PATTERN: Ascending Channel
Area of Value (AOV)...
ANALYSIS
1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.
4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.
Action Items
If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822.
If the price bounced or...
Hi guys,
today I want to show you how I trade countertrend, piecing multiple timeframes together. Keep in mind though, that generally speaking the sentence 'the trend is your friend' is always true.
However when it comes to specific timeframes one can make use of particular price movements. Such as in this case.
As you can see the EURUSD recently had a strong...
Short, Entry point at red trendline break.
Stop: 1 pip over the previous relative max.
Targets:
- 102.8 first target
- 102.27 sec. target
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