DLavrov
Short

NASDAQ Open Short Trades

FX:NAS100   NASDAQ 100 Index
On 1H chart we have trend market conditions and we can trade. Price touched MA20 and bounced. MACD 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 support level which can stop or reverse the market, but on the daily chart MACD falls and confirms short trades.
Trade closed: stop reached
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