We have a great position coming, to grab more pips before the next major retracement happens, please keep in mind that entering this position, you may see drawdown in the retracement zone, however, I don't believe we're having a 50% retracement at this point.
We can see it's heading down through the centre of our trend line, providing this 4H candle closes on or below, we will see the retracement happen slowly but surely down to our Pay Attention zone. This is why it's called that. We're looking at entering when people are selling, take advantage of the grizzly bears being greedy, tranquillize them while they're not looking so to speak.
You can see there is a lot of bullish pressure in the market with Trump being the dude he is, knowing money, knowing business, then also having power to have blank cheques written and signed with " T's " - I do think we have his support. NAS is also an ascending index, meaning it will always continue up stronger than it does fall, remember this.
This is set up for those who have 500 USD+ equity.
Pay Attention Zone: 9056 - 8897
Entry Zone: 8985 - 8897
Total Pips 5393
Comment
⋅
Price closed below the centre of the trendline.
We will see this slowly move down to the entry.
Get ready.
[img][/img]
Comment
⋅
US Session will be decider, whether or not we place a BUY LIMIT or BUY STOP
Comment
⋅
Looks like this will be a BUY STOP
Candle has NOT closed yet below or above entry.
So we will wait this US session out to place our BUY STOP
We do have a BUY LIMIT down 8742 ( not that we expect it to reach, but we have it there in case of a 100% retracement )
Comment
⋅
100% retracement inbound.
Place BUY limit 8669. You should not of entered the buy stop as candle closed below.