DLavrov
Short

Trading Idea - NASDAQ 100

FX:NAS100   NASDAQ 100 index of US listed shares
Daily chart shows us the picture of possible price movement and entry levels. We have range market conditions and we must wait for price reversal from up Bollinger Band and a resistance level . I don't think that price will be able to move higher. Weekly chart also tells us about range market. Now we can't open any trades. It's not funny to buy near resistance levels and as for sell trades we need price reversal and its confirmation. We have to wait for bearish candle, MACD and RSI reversals which confirm that price bounces from Bollinger Bands and the resistance level . Entry can be based on daily and hourly charts. Profit target is a support level or opposite Bollinger Band .
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