NAS100 Daily Outlook | July 28

28 ביולי 2022

Hi All,

After FOMC news drive yesterday, WHAT ELSE?

Here are my thoughts;

1. There is a lot of noise to the left hand side so am capping my profit target for buys from 12565 to 12667 zones.
2. Buying mostly today is also confirmed by my WICK FILL play (join my live session to access my 90% winrate playbook) but traders must not expect price to move aggressively to 12900 rather focus on the closest resistance level [12667]
3. There are chances that price can drop up until 12303/12174 levels in near term and this is because;
a. We have a strong support level around 12303
b. Previous day's bar does not have a bottom wick hence has the tendency to draw price back to itself.

Let me know what you think about my analysis in the comment session.

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Pairs: EURUSD / NAS100 / GER30


-Kings.