Nas100 is in a overall uptrend in my perspective. Its now at tha very important fib level on the 1 hour time free, which it respected forming a tweezer pattern, also it is at a important level on the RSI.
The thought process behind this trade idea is that US30 is under a weekly/daily resistance, and it formed a wedge pattern, and broke out to the down side. After breaking out to the downside we expected price to consolidate a bit, to form a coreection. Price formed LH's and LL's, and also it is at an intersection trend area. Price also respecting the FIB level 38.2.
Price formed a head and shoulder pattern , at a very important retail structure zone . Price broke the neck line , and it expected to continue down.
Price should come to fill the liquidity void , and back up to the institutional level pointed out in the video. Once price breaks wedge on the lower time frame , We will look for confirmation for entry , then set T.P at the indicated level . Risk management is key.
Eurusd , Looks like a sell trap right now , where price broke structure, formed a wedge pattern broke out, and is now going to come back down to test 50% of consolidation before expansion move to the upside. Price should drop about 25-30 pips before expansion move to the upside . Use Proper Risk Management .
Price , was stop hunted at the old highs, should now come back down to take out previous low. Late entry for the full move as price has already started coming down. Look for re entry confirmation to secure 25- 30 pips with a tight stop loss.
Price broke daily structure level, formed a Double Top ( M ) formation, and respected OTE level, along with hitting a Order Block. Price is expected to now move up .
This is a long opportunity on Gold, its daily bias is an uptrend, It retraces and respects a very important Fib level, and also enters a bullish order block. Multiple confirmations that Gold will rise to once it hits that level, and take out old highs in the process to come back to respect that Institutional Level.
If the price comes back down to respect the level shown, it will rise back up. Market bias is bullish, and it would hit a very important institutional Fib level which is described as ( OTE), and it would be described as a great place under fair value to buy price at a discount. Then it will go up to respect the institutional level highlighted. Let's watch closely...