Profitlio_Trading

NAS100 Short Trade Setup

Short
OANDA:NAS100USD   US Nas 100
Watch closely for the green highlighted zone for a perfect breakout, I see structure similar to a bear leg on the 4h time frame being respected to the resistance it formed at 7.8k price level. I have picked up an accurate trend line and waiting for a breakout to enter for short position expecting a target up to the previous lower low printed.

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.