Good morning traders, I have been quiet for a while, I hope everything has been going well.
My US100 daily tf analysis. I have posted the daily analysis on this pair before, hoever this is an update on how it is playing out. If you look at the left of the chart, you can see that market reversed after an uptrend(cant be seen) I want to point out the 3 levels that price moved down after this reversal(marked on the chart). After these 3 levels of retest and fall, The market then formed a massive double bottom, which was made up of 2 smaller double bottoms as shown on the chart. We have been buying this pair for over a month now, with sells in between(because market always has to retrace) So as it stands now, market had formed the double bottom on the daily time frame, so we are in for very strong buy, for the next few months if this reversal is respected as analysed.
Price at the moment has broken above the 200 and 800 ema resistance, making it a support. Price went down to retest that zone the day before yesterday, and yesterday it began the move up. So I expect buys on this pair, and will wait for the correct signal to enter, as I closed my sell trades yesterday from the day before.
My US100 daily tf analysis. I have posted the daily analysis on this pair before, hoever this is an update on how it is playing out. If you look at the left of the chart, you can see that market reversed after an uptrend(cant be seen) I want to point out the 3 levels that price moved down after this reversal(marked on the chart). After these 3 levels of retest and fall, The market then formed a massive double bottom, which was made up of 2 smaller double bottoms as shown on the chart. We have been buying this pair for over a month now, with sells in between(because market always has to retrace) So as it stands now, market had formed the double bottom on the daily time frame, so we are in for very strong buy, for the next few months if this reversal is respected as analysed.
Price at the moment has broken above the 200 and 800 ema resistance, making it a support. Price went down to retest that zone the day before yesterday, and yesterday it began the move up. So I expect buys on this pair, and will wait for the correct signal to enter, as I closed my sell trades yesterday from the day before.