moneymaking
Long

NAS100: VALID BULLISH BAT PATTERN ON DAILY !!!

FX:NAS100   NASDAQ 100 index of US listed shares
Hello Traders,

Here we have a VALID BULLISH BAT PATTERN on FX:NAS100             , which is coming close the completion point. Do keep in mind that this setup is based on the DAILY time frame. Thus, the stop loss might be big for some, but the good thing about Bat patterns is that, they tend to give us a really good risk to reward ratio, due to their completion point being so close to the X point. This greatly reduces the risk that is involved in the trade, while giving us lots of room for potential profits. See the chart above for more details.

Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
UPDATE #3: Hi everyone, we didn't get any reversal signal to the upside from price action. Therefore, I will be looking to short NAS100 after getting a good retracement :)
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UPDATE #2: Hey guys, stop loss just got hit, out with small loss. I'm likely to re-enter into this trade at the end of today's close, if price action agrees :)
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catching falling knife after multiple test of 200ma and now break??
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moneymaking Sachinsyd
Hehe, yeah mate, its just pouring down. I'm just following my rules. It would be a small loss if I get taken out of this trade, but that's not going to hurt my account capital in anyway :)
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UPDATE #1: Hi everyone, just a reminder that the trade is ACTIVE now. All the BEST :)
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ADDITION: Hi guys, I just wanted to add that, out bat pattern entry lines in perfectly with the 200 Moving Average on the Daily time frame. See the chart below:



snapshot
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