S&P had really good fundamental news today with Margins increasing by 13%. The sell off comes all the way down to seek liquidity at a Gap i had marked for some time now. This gap provided a fantastic rejection zone and im expecting a rebound. looking for a rebound to the 50% level and really hoping to get to the 4600 61% area.
NAS100 took a nice dive today plowing through zones and levels. we got a few nice reactions form a couple key areas but nothing substantial. Before daily close we pierced through the 88% level and tapped the 14800 zone and had a proper rejection. This was a very aggressive sell off and looking for a rebound headed into the fomc meeting where data will reveal...
NAS100 started the day with downward pressure but hit a nice pocket of liquidity and had a nice late in the day rally. once again NAS pierced previous day high but failed to close above. This leads me to believe this will remain rangebound so for now Im interested in shorting the highs and buying the dips until further notice.
Technical Overview: - Dow Jones
Previous analysis -
We also caught this move from the bottom -
We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked...
lets have a look at how oil goes, so im gonna go ahead with 2 positions, one in EURCAD and one in USDCAD
no super confident on EURCAD, as EUR has been also weak, but analysis tells that this can see another push up.
Price picking up and trapping people as of now. I see it coming back up, faking people with a bullish breakout, picking up even more liquidity. Then dropping to 1.19 back to the order block. There is also inefficiency above the OB that will probably get filled.
I am new at smart money trading, what do you guys think of this setup?
HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3...