NASDAQ 1W - As you can see above this is my higher timeframe outlook on this pair, I want to see price correct itself now trading us up and into the area of Supply I have marked out above.
In doing so we ought to see strength in the USD. This will only be temporary just to clear any remaining orders that may be left before we can have a larger move to the downside.
Once price does eventually trade us higher up and into the Supply Zone above, this is when we can begin looking to take this market short. Using this as an area to enter in from.
We want to see price trade in, clear orders and then begin showing signs of a distribution, this is removing those buy orders and introducing sell orders, giving us the S&D flip we want.
In doing so we ought to see strength in the USD. This will only be temporary just to clear any remaining orders that may be left before we can have a larger move to the downside.
Once price does eventually trade us higher up and into the Supply Zone above, this is when we can begin looking to take this market short. Using this as an area to enter in from.
We want to see price trade in, clear orders and then begin showing signs of a distribution, this is removing those buy orders and introducing sell orders, giving us the S&D flip we want.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.