rexfx_

rexfx_ Updated 

I'M BACK!! It's been a great Sell off on NAS, today I'm looking for another push down to the weekly trendline. My entry will be based on all the noted factors that I noticed earlier. I will enter the trades manually, no limits are set because I want to avoid any fakeouts/liquidity grabs. There should be scary reactions on either the Weekly breakpoint or Daily...

rexfx_ Updated 

I see a NASDAQ bull run coming to an end, I missed out on the sweet buys from 13000, but patiently waiting for a 1000pip sell-off when I get proper confirmations on my marked supply zone (chart patterns, candlestick formations, Wyckoff, etc) to my marked TPs, with TP 2 being my main target. So this idea will be updated frequently because it's a really good one. ...

rexfx_ Updated 

Yesterday evening (SAST) I saw an end in momentum on NAS100 and opened sells to target either 38.2% or 50% Fibonacci Zones. The 50% is more likely to be the turning point for NAS100 or it might go even lower if no fundamentals screws up the movement.

rexfx_ Updated 

Currently waiting for price to enter my OB zone, I will not put sell stops, I want to gauge momentum, analyse market movements and confirm on lower timeframes (1min) first before selling from the order block to correct the price imbalance that was formed yesterday. The reason why there are no sell stops is because of my worst-case scenario below. Also, take note...

rexfx_ Updated 

New scale in entries have been marked for sells, I will continue holding my sell positions and add more as marked.. aiming for the 50% Daily Fib Zone. Look for confirmations first, please! Beware of fakeouts and the volatility @ NYSE open, 15:30(SAST).

rexfx_ Updated 

We saw price rallying up after touching the 13000 mark I was waiting for. So now I'm patiently waiting for price to reach atleast 50% of my supply zone before I can consider selling, the same zone has the daily 50MA close by so I'm also expecting a touch there as well or it should atleast come close. All my TPs are set based on previous price movements. Worst...

rexfx_ Updated 

Since Nasdaq sold off, we are now seeing a pullback to an area between 50% and 61.8% on the Fibonacci, the same area is a previous support area, that should now turn into resistance, and that is where price will also meet the H1 50MA. I see that area as a very important area for price to reverse so if you wish to scale in or enter sells, I'd suggest you do it...

rexfx_ Updated 

We saw a very long fall on the EURUSD pair since June 2021, I think the fall has reached the end its of momentum, as you notice, the pair had an impulsive move in the M15 chart and it formed a rising wedge pattern as a pullback. So what I see happening is the EURUSD breaking the rising wedge to the downside completing what's left of the fall, going for the 3rd...

rexfx_

As you notice the US100 touched the higher timeframe trendline together with the lower timeframe trendline and is currently trading below the 50MA on H1. The wick rejection on H1 and H4 serve as a retest on the trendline and we should be looking to correct the price imbalance marked in red or we are heading to the 3rd trendline touch at around 12800. Worst case...

rexfx_

I think US100 should drop to form a lower low supporting the current trend, down to the marked Area of Interest (AOI) then from there I can decide the next move. The worst case scenario is US100 going up to the marked resistance area, where I'll look for other sell opportunities down to 13000 or 12870.