GBPUSD can have a big retracement to 0.5 Fibonacci level from where we can short it. At the level there was previously a lot of volume and anchored VWAP also gives us another confluence. Following the bearish trend we could expect major downward momentum from this level.
This is an update on my previous post of NAS100 longs. So NAS didn't give us the retracement we were looking for but we could easily still identify areas where we could take good entries off of. The initial move that bought NAS past the 18000 level was quick but gave us some hints as too where price could retrace to. If we look at where volume was present it falls...
NAS has recently broke structure to the upside on h1/h4 making it bullish. NAS has been bullish on the daily for a while so now that all time frames are in sync we can look for long opportunities. We can look for key zones where liquidity was pumped into the market and keep our eyes peeled. NAS can either retrace to a 61.8 Fibonacci level where heavy amounts of...
