top of page

NAS Bulls Still in Control

Date: 7/28/2021


Pair: NAS100USD


Daily

Daily : After retesting a crucial extension level NAS100 continued its bullish momentum with an aggressive push. Price retested the 14500 level from our previous article and went on to move +6,400 pips! We started this week (7.27) with a bullish break above all time highs.

 

4HR (Macro view)

4hr: Price is continuing to make higher lows and higher highs. Price created support at 15055 which could be a new higher low. There are 2 likely buy levels for this week: 15060 and 15000.


 

4 HR

4HR: Price is already making a break outside of this new range we formed (15060-15130). I am looking to buy at the 15060 support level or the 14995 level depending on how deep this next retracement is. If price breaks through resistance and doesn't give us the opportunity to enter then I will go long at the break and retest of 15175 (the -0.27 fibonacci extension level) and will aim for my upside targets of 15200 and 15240.

 

Roy Dunia

ChartAddicts

7/19/2021


*Forex is a leveraged product and may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks. By undertaking these types of high risk trades you acknowledge that you are trading with your available risk capital and any losses you may incur will not adversely affect your lifestyle. The high degree of leverage can work against you as well as for you.

550 views1 comment

Recent Posts

See All
bottom of page