NAS100USD: Bullish Reversal on the Horizon?
Greetings Traders, and welcome to the new year! I wish you all success and prosperity in the year ahead.
In today’s analysis of NAS100USD, we observe that the market has been delivering bearish institutional order flow, influenced by high-impact economic releases such as Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate. Despite this bearish momentum, I am anticipating a potential bullish reversal due to several key factors.
Key Observations:
1. Rejection Block Signal:
2. Bullish Break of Structure:
3. Mitigation Block as a Key Zone:
What is a Mitigation Block?
Trading Strategy:
After confirmation, I will be looking for buying opportunities at the mitigation block, targeting the liquidity pool above. This aligns with the narrative that institutions are scaling into bullish positions and preparing for upward price delivery.
Stay observant and strategic as we analyze this potential shift in market structure. Feel free to share your thoughts or questions in the comments below, and let’s capitalize on the opportunities ahead!
Kind Regards,
The Architect
In today’s analysis of NAS100USD, we observe that the market has been delivering bearish institutional order flow, influenced by high-impact economic releases such as Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate. Despite this bearish momentum, I am anticipating a potential bullish reversal due to several key factors.
Key Observations:
1. Rejection Block Signal:
- A rejection block at the lows indicates that institutions have been entering buying positions. This resulted in a rejection of the previous low, signaling bearish weakness and suggesting the possibility of a reversal.
2. Bullish Break of Structure:
- Price recently broke a high during its upward movement, signaling bullish strength. This shift suggests that institutions may now be favoring upward price delivery.
3. Mitigation Block as a Key Zone:
- Price is currently reversing toward a key institutional area known as the mitigation block.
What is a Mitigation Block?
- This zone represents an area where institutions previously entered sell orders during the bearish trend. As price has since moved upward, these sell orders are now in loss. Institutions retrace price to this area to mitigate their losses and reinstate new buy orders to align with the prevailing bullish narrative.
- These zones are pivotal and form the basis of support and resistance concepts.
Trading Strategy:
After confirmation, I will be looking for buying opportunities at the mitigation block, targeting the liquidity pool above. This aligns with the narrative that institutions are scaling into bullish positions and preparing for upward price delivery.
Stay observant and strategic as we analyze this potential shift in market structure. Feel free to share your thoughts or questions in the comments below, and let’s capitalize on the opportunities ahead!
Kind Regards,
The Architect
Trade active
Current Position Running
Risk=1%
Target=3%
Refer:
Regards,
The_Architect
Note
SL Hit
Loss= -1%
Comment: I will be looking to see if I can get another opportunity after confirmation to look for buying opportunities.
Refer:
Regards,
The_Architect
Note
New Position Running
Risk=1%
Target= 2.4%
Refer:
Regards,
The_Architect
Trade closed manually
The market is reaching a close and is no longer active. I have closed off my position.
Have a great weekend,
The_Architect
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