N
Nseobong N. Nkereuwem
@nsg_usd
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A Multi-asset trader, market analyst, and data enthusiast with 5 years+ experience focused on understanding market behavior through a combination of technical analysis, macroeconomics concepts, and data-driven insights. Passionate about continuous learning, and helping others build confidence in navigating financial markets. Also very committed to long-term growth, professional development, and excellence in trading.
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Yeah, it is possible. that's why I have the intraday trend channel as a guide. Invalidation of the bullish channel will signal the sells. For now, since it's pointing to buys, I'll trade what i see.
NAS 100- A rebound on the trend support pushes price to break above 28600, signaling a buy bias on the intraday. A retest of the 28600, will further drive price upwards, possibly to 29200 price level.
Yeah. That's right. Volume pattern replicated. Possible buy continuations to 29200, price level are looming.
If you're scalping, you're not expected to hold more than a minute, latest 5mins. Anything beyond that minute on NAS 100, is not scalping.
From a higher timeframe perspective, EURUSD can possibly continue sells this month, until a higher low is created above previous month's low. For the meantime its best to stick to intraday bias and trades, other than the Higher timeframe.
Expecting Buy continuations on EURUSD when price reaches 1.1505. This confluences with the trend support. invalidation of the level and the trend support, and price will deepen the sells, marking the beginning of the pullback.
Watching out for an invalidation of this intraday bullish channel, before the strong pullback sells will kick in on EURUSD.
EURUSD- price is bound to a 1hr bullish channel. Invalidation of this channel and we will see a major pullback to the downside, otherwise, price will be ranging throughout today, being the first day of the trading month.
USDCAD- on 4hrs, will be expecting Sell continuations, unless price invalidates the 4hr bearish channel.
Gold- On 1hr price has created a bearish channel. Without invalidation of the channels, i won't be expecting buys.
NAS 100- on 1hr there's a 4hr bullish channel, holding price bound and preventing a decline. invalidation of this trend channel, along with a break below 28000 price level and the bearish bias on 1hr will be confirmed. For now, price is still indecisive couple with today being the first trading day of the month. Let's watch out New York session if price will resume a clear direction.
+1
NAS 100- on 4hrs, price is consolidating and I'll be waiting for a breakout below 28000 for a sell, or breakout above 28600 for a buy.
One of two possible scenarios will likely play out on NAS 100 on the Daily. Either a full candle break and Close above 28600 price level invalidating the Trend resistance channel, or a break and close below and 28000 to continue its downward movement.
will be watching out for either of these options.
NAS 100- on the daily, invalidation of the bearish trendline, and we'll witness an upside push, possiblly to 29400. But chances of this push are very slim for the meantime.
NAS 100- On the Daily, Price is still confined to a Daily bearish trendline which will likely keep holding price and strengthening the sells below the 28400 price level for a continued downside movement.
NAS100- On the weekly, expecting price to continue to decline to the lower boundaries of the Trend support. possibly at the 26000 price level.
NAS 100- Monthly Review and Analysis
The month of July closed bearish on NAS 100 after seeing a massive drop from 30339 (July monthly's high) to 27082 (July monthly Low). July closed at 28267 a bit above June's Low @ 28201.
Expecting Sell continuations this month on Nasdaq.
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