NASDAQ 100 E-mini Futures
Long
Updated

NQ Inverted fair value gap retest for possible long position

209
snapshot
NQ seeming quite bullish starting in September. On this 4hr chart we can see price completely disregard the FVG create last Friday. I can see price staying above the 23,584.00 range and possibly filling the entirety of the inversion area before heading back to the upside. Volume footprint shows that there were very few buyers in last Fridays dump.
Ill be keeping an eye out on this trade to see how price reacts before entering.
Trade active
Todays news has continued to push price to the upside. Price can continue up to make all time high before deciding to come back down to this area. Regardless I will be keeping an eye out on this possible trade when price decides to fall back into this FVG price range.
Note
Took advantage of this situation and capitalized on a short trade back to the IFVG. Took profits at the top of the range to be conservative.

snapshot
Note
A very nice reaction to this area
15m chart
snapshot
5m Chart
snapshot
Note
snapshot
Trade closed: target reached
Very nice outcome
snapshot
Note
snapshot

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.