NAS100 1D - For those of you who like to trade this CFD, I am wanting to see price continue trading us lower as the Dollar weakens over the course of the next month or so.
We will however see some temporary strength whether it be for the next week or two. However my overall bias for this market is to see it trade us lower longer term.
We have been delivered with multiple breaks in structure to the downside suggesting bearish momentum, its now a case of waiting for the opportunity to play into our hands before we take part.
As soon as price gives us the structure we need, the penetration of areas of interest this is when we can begin looking to take part, until then we stay patient, as always.
We will however see some temporary strength whether it be for the next week or two. However my overall bias for this market is to see it trade us lower longer term.
We have been delivered with multiple breaks in structure to the downside suggesting bearish momentum, its now a case of waiting for the opportunity to play into our hands before we take part.
As soon as price gives us the structure we need, the penetration of areas of interest this is when we can begin looking to take part, until then we stay patient, as always.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.