DLavrov
Short

NASDAQ Short Trade

FX:NAS100   NASDAQ 100 Index
The bearish candle, which closed below MA100, gives us a signal that the up trend is over and we'll see down movement. MACD and DMI confirms short trades. We can place a pending order below the low of the signal candle and wait when price moves down and open our trade. Stop order must be placed above MA20 or the resistance level 4800. Profit target is 4700 level. Probably we'll open a short trade in the begining of correction on higher time frames, because 4800 level is rather strong and it reversed the market in 2000 year. Also this market has been rising for 7th weeks and we'll have to see the correction wave. May be it's time for this.
Tradunity helps to trade properly! Get Crypto Premium Signals and Education from me here: https://tradunity.com

Free Forex Signals: https://www.fxluxus.com
The Best Forex Broker for EAs: https://goo.gl/dsiQN8
hi Lavrov which support Levels do you work with if we finally could see a corrective move down - very nice analysis, hope it will hold
Reply
DLavrov Nielsentrading
Thanks for your comment! I think good targets can be 4700 and 4600 levels. Based on daily chart we have trend market conditions and our trades are against the main direction. So we have to think about exit when price is near possible reversal lines which are Moving Averages 20 and 50.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out