FX:NAS100 NASDAQ 100 index of US listed shares
On 1H chart we have trend market conditions and we can trade. Price touched MA20 and bounced. confirmed price reversal and gave a signal for opening a short trade. Entry level is below 4774, stop should be placed above the swing high. Our profit target is based on R/R ratio 1:3 and we use no more then 1% from our deposit for this trade. We have the which can stop or reverse the market, but on the falls and confirms short trades.
Trade closed: stop reached