Be sure to check my other markups on Nas100
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Nas has reached our supply zone at the 13700 price level mentioned before where banks have previously taken profit. I am now looking for price to return to the demand zone .
On higher time frames, price is due for correction which is in line with this bias.
Rsi is showing overbought which can also be used as another sell bias. I really like this setup.
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Currently I am waiting on price to fall below 13730 to enter. My first take profit will be the indecision zone 13670~13650, which is in line with the golden zone of the fib retracement.
I will also take a second entry at the 61.8% as a continuation entry and ride it down to the demand zone per the trading plan.
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R:R is 5.6:1 on the overall move. If you wait to enter at the golden zone the ration is around 4.6:1 .
*Risk to reward ratios may vary due to different trading syles and plans.
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Please like and comment as you see fir. I am trying to build my reputation on tradingview!
Thank you
#WakeUpInProfit
-
Nas has reached our supply zone at the 13700 price level mentioned before where banks have previously taken profit. I am now looking for price to return to the demand zone .
On higher time frames, price is due for correction which is in line with this bias.
Rsi is showing overbought which can also be used as another sell bias. I really like this setup.
-
Currently I am waiting on price to fall below 13730 to enter. My first take profit will be the indecision zone 13670~13650, which is in line with the golden zone of the fib retracement.
I will also take a second entry at the 61.8% as a continuation entry and ride it down to the demand zone per the trading plan.
-
R:R is 5.6:1 on the overall move. If you wait to enter at the golden zone the ration is around 4.6:1 .
*Risk to reward ratios may vary due to different trading syles and plans.
-
Please like and comment as you see fir. I am trying to build my reputation on tradingview!
Thank you
#WakeUpInProfit