25/04/2021
Good Morning a brand new Sunday morning, woke up to do my chart analysis on the NASDAQ100.
Take a look at the timeframes and tell me what you can see, already i will be putting up orders in few hours for my buy to the upside.
i will be buying using a combination of price action and trendline trading strategy.
Reasons for a buy.
1. On the 1 minute chart timeframe i see the price its now showing signs of reversal, the Doji reversal signs.
2. Same applies to the 5 min timeframe.
3. On the 15min timeframe i can see that price previously it was on a level of supply turn demand level, this previous level of supply you see its because when price come to that level it rejected and it was sent falling down again.
4. This level of supply on the 30min shows that it got intercepted to the upside and does making the previous supply turn to a demand level.
This is information am looking for when analyzing my charts and don't forget the issue of news, it plays an important roll in changing the direction of price.
Remember forex trading is not suitable for everyone.
