PREVTESTING NAS100 before I start a fresh chart. 9/29/21 NAS100. The trend is in overall downtrend. I'm looking to buy up to the 61.8 zone before continuing the sell down. If the buy flushes in the sell that's okay also because a buy would be countertrading. Therefore looking to see what happens at NYOPEN while keeping the EMAs in consideration for entry points.
EG is currently near a day support level, if a candle closes below 0.85559 Im looking to sell down to the next 4 hour support level at 0.85113 (28.6 pip profit) where price has only touched 3 times. It may break through or reverse back up for a buy for a Higher Low.
GA is currently between a day support and resistance zone. If it breaks the resistance line on the upside at 1.84312 and a candle closes above I 'm looking to buy and hold to the next day resistance at 1.86359 (190 pip profit). OR if it reverses for a pull back seeing the trend making Lower Highs and Lower Lows I will sell down to the next day support level at...
Eur/Nzd is currently in a downtrend channel. My prediction is that if it drops below the day timeframe support and a candle closes I will sell at 1.64452. As it continues making lower lows and hits the 4 hour support line I will take profit at 1.63338 with a 109.9 pip profit. OR if it reverses and bounce off the 4 hour resistance line I will wait for re-entry off...
Based off my analysis UJ is currently in a channel on the 4 hour timeframe. Inside the channel on the upside, price has only touched the line twice meaning there's still room for up and down movement. On the downside it has touched three times but the trend is still moving in a uptrend. My prediction for a potential sell would be if price reverses back down to...
