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N1

N1We had some good trades. WEEKLY We've pulled back and had some interesting price developments. Moving towards more of the structure we see and prefer price to get to. DAILY We had an evening star at the top of this correction structure which is what gave us more evidence to move towards the downside. The pullback is giving us a different story and we need to take what the price is giving us in order to plan the next move. 4H We've had multi touches within our correction and we had a very strong doji where price tested but could not break. 1H Stay waiting.
PEPPERSTONE:NAS100Short
by Mhangwane1
N1We had quite a few trades in the past week, but we were either too early so we taken out or in too late so we took short profits. WEEKLY March we had the peak of price, first time in it's history (18400). When we look left, whenever price peaks it drops for quite a bit before it goes back up. So we can assume we might see 16000 again. DAILY We just have an ascending channel within a bullish trend so we can assume that the overall demand is up. The DXY will give us more clues as to what can happen, American countries as well need to be monitored for new IPO's and their financial year results to get more information. This will add to our portfolio of evidence. We can see we are in the correction phase, but because it's so deep we can expect it to go further down for quite some time. 4H In the bigger correction, we're in a smaller correction. So the assumption is that price is going down. We are not children of the market so the assumption is just that, an assumption not the forecast. We still need more candlestick confirmation and pattern formation before making a final forecast. 17600, is an area of interest as this is where price will do something unless it breaks right through. 1H We are struggling to break 17800, so we know that it is a strong resistance level. NFP being this week does not mean that we have to trade, it means we need to make informed decisions based on news and reports.
PEPPERSTONE:NAS100
by Mhangwane1
NAS100We were triggered and stopped out but we did fair. DAILY Kept falling and dragging down and tested around the support level, 17070 around here. We have a test candle which shows that our test level was correct. 4H Price is testing again (in correction) so we stay waiting and watching for either the break (impulsively) or the reversal impulsively. This is where we will get more information to lay forward our case. 1H Reject before 17500 is where we would believe that our correction has ended, break through here means we wait even more.
PEPPERSTONE:NAS100
by Mhangwane1
N1DAILY We still in a bull trend but in the corrective phase of the bull trend. 16900 area is where we want to see action. The last support as all others are broken right through. We formed an expanding wedge going up and was broken, the retest here will let us know it's fate. 4H We formed a "flatish" flag, which is the correction of the current trend (bearish). Broke it and we are correcting once again, so we should anticipate the completion of the correction to come with an impulse. My idea has it collapsing further to 16965, around here we'll gain momentum. 1H A mentor of mine says trade the market ugly. Ugly is definitely is all I see. Waiting for the impulse candle to kick in and drive the supply.
PEPPERSTONE:NAS100Short
by Mhangwane1
NAS100 19/11/23Nas100 we are within a bullish range looking for longs overall expecting price to go to the h We have highlighted as SWH Looking for a pullback because we have no poi within this range I wouldn't be surprised if we liquidate our low giving us an entry model for long from the swing low. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:NAS100USD
by rosshayes
NAS100 12/11/23NAS100 ending last week with a career bullish shift to the upside we're looking to follow this even though our range has very little to no structure we see one liquid low within our range in the lower 50% and we're looking for a further extensions to the upside but as always we will look at what price offers us at market open. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:NAS100USD
by rosshayes
NAS100 5/11/23That's 100 looking almost exactly the same as euro and British pound the only difference is we had a much larger expansion on this pair after the red folded news on Friday. Following this price action we're looking for exactly the same thing as Gu and eu which is for us to run the internal liquid load that we have placed during the New York session of the last week and we also have a much lower unmitigated area of price which holds our poi for entry within our swing as it stands we're not going to hold our breath for a huge pullback but we are going to be looking for longs heading into this session. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:NAS100USD
by rosshayes
NAS100 22/10/23N1 giving us another bearish range overall and we finished our week with overall a run of another low, taking this into account, iam not looking at our range as broken but i am looking for more bearishness leading us into this new weeks session, we have an untapped POI and some very clean liquid highs for price to tap into. Overall iam looking for a short after we take either the low clearly or we shift up to take the liquid high. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:NAS100USD
by rosshayes
NAS100 2/10/23That's NAS100 also gave us A bearish swing range following the price action Friday we have tapped into our only unmitigated POI during the Asia session and revisited it during London we also have an SE setup which is telling us that a bearish directional movement for this session is probable and collectively we are looking for price to go down now of course we do have a similar scenario with our other correlated pairs but as stated as well in the previous markup we do have the S&P This could change the narrative of the swing and it may shift our price action against our bias but as it stands we are looking for more bearish price action to follow.
OANDA:NAS100USD
by rosshayes
NAS100 24/9/23N1 has been sweeping stops better than a cleaner over the last 2 sessions of the week, but you and i have seen these moves before, and a lot of the time we know it means a big shift is coming, iam personally not going to trade this yet until we get a nice clean entry more than likely around our NY session Monday, this is to do with the way ive traded nas in the past and also proven in back testing, when we sweep traders run like sheep. we chose to wait instead of run, this includes the first session of this week we are looking for a clean LDN OR NY open entry to follow a move out of this range, iam more inclined to say we are going up even those we are sitting in a sell range as of inclined to fridays session. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:NAS100USD
by rosshayes
NAS100 10/9/23N1 has a pretty clean swing range to the upside, but iam personally not sire if I like the way we are correlating against our other pairs, this of course does not dictate our trade or our bias but its always worth keeping in mind for now as if we see a clear shift at open today this could definitely give us a clue as to our overall direction within this range, as it stands iam looking at this lower POI for a buy move. iam really looking for this within our first session of the week as i think spending to much time in our higher end of this range will lesser the chance of a clear play out lower, so for me il be using caution on this one. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:NAS100USD
by rosshayes