I was looking for Nas100 characteristics around elections on a daily timeframe.
I found some similarities:
2016 Market Top (4906) was 34 bars before the E-day, it never came back to the same levels.
2020 Market Top (12467, 2.54x) was 44 bars before the E-day, it broke down these levels in Jun-Dec 2022.
2024 Market Top (20758, 1.665x) was 83 bars before the...
The EURCAD pair is in a range on daily timeframe between:
- Resistance range around 1.5174
- Support range around 1.48824
On 4H timeframe it has formed a harmonic pattern with a slight divergence in making.
I am biased for a bearish leg.
Trade Plan:
Waiting for break of Point B.
Placed a sell stop order around 1.50813 with stop loss above Daily Resistance 1.51862
GBPUSD is continuously making LH, LL.
Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started.
It has formed a bearish channel that is still valid.
A key support area is found around 1.26105.
Trade plan:
Place a sell stop order when LL breaks
Stop Loss: 1.29984
Sell Stop : 1.29035
TP1:...
