NASDAQ weekly Projections

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@asuquokelvin - 5 hours ago
Quoted - nsg_usd

Nice. Still pushing.

My plan is it should go up not to come down so my usdcad trade will respect and give me my 1:17RR, but looking at it that pullback isn't strong at all, it hasn't entered a reaction level yet that is at 29968 to 30039

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@asuquokelvin - 5 hours ago
Quoted - godspowerdan

This is it

Please can you explain the money transfer process because I have seen the chart but still don't understand

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@asuquokelvin - 4 hours ago
Quoted - nsg_usd

I'm following it up, currently trading above the region. If the 4hr closes bullish by evening, I'll hold till next week.

But price can still reach that reaction zone it's only then that we will know if the zone will be respected or broken because sometimes ustech seems so tricky

G
@godspowerdan - 4 hours ago
Quoted - asuquokelvin

Please can you explain the money transfer process because I have seen the chart but still don't understand

Money transfer happens when price wants to change direction even before giving the change of character.

From that chart you'll see that the recent structure was bullish(the structure with the fib tool). On retracing, to continue the buys sellers already took over buy sweeping liquidity and breaking structure before price gets to the demand zone. That's why most times I clean setup doesn't hold.

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@nsg_usd - 4 hours ago
Quoted - asuquokelvin

But price can still reach that reaction zone it's only then that we will know if the zone will be respected or broken because sometimes ustech seems so tricky

There's also the 29850-29800 region for price to react to. From where price is, moving up, is a Sell Zone. I've trailed my profit, in case it wants to start reversing from any of the zones.

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@nsg_usd - 3 hours ago
Quoted - nsg_usd

Yeah. I'm expecting this pattern imprint to deliver. a push into the 30,000-30100 region will be my target zone.

I've seen this kind of Price action before. In USDJPY specifically. This is where experience comes into play. You'll just be expecting sell continuations only to surprising witness price pushing gradually to the top.

G
@godspowerdan - 3 hours ago
Quoted - asuquokelvin

So that is the money transfer? Your explanation is just simple liquidity logic

Yes it is. It took me time to understand it and I lost so many trades because I couldn't understand it

I
@israeljasspu - 3 hours ago
Quoted - nsg_usd

And the Next FOMC meeting is month end. That means i can hold till TP?

Not necessarily how markets works we could reversal the entire NFP price action before next move

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@nsg_usd - 1 hour ago
Quoted - godspowerdan

Another money transfer again on the buy retracement

Abeg if e reach to jump out you tell me o. Make my money no transfer go another person hand.😂😂 na since asian session i dey hustle this money, make another man no come chop am las las.🤲🤲

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@asuquokelvin - 1 hour ago
Quoted - godspowerdan

Another money transfer again on the buy retracement

It may push upwards from that level, it's just playing tricky

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