Looks like a good Short opportunity on CURRENCYCOM:US100,
NDX
,
NQ1!
,
QQQ
Tripple top + strong resistance from the sell zone + a break of the blue trend line.
Would like to see some retracement to 12400 to enter. Risk reward to this trade around 2.5
Entry: 12400
First Target: 12050
Final Target: 11850
Stop loss: 12650
I would like to see a green close above 12650 on a 2hr timeframe for the stop loss.
Please let me know your thoughts.
Thank you
NDX
,
NQ1!
,
QQQ
Tripple top + strong resistance from the sell zone + a break of the blue trend line.
Would like to see some retracement to 12400 to enter. Risk reward to this trade around 2.5
Entry: 12400
First Target: 12050
Final Target: 11850
Stop loss: 12650
I would like to see a green close above 12650 on a 2hr timeframe for the stop loss.
Please let me know your thoughts.
Thank you
Order cancelled:
We did not retrace to 12400 hence trade wasn't executed. Although, it would have been a good area to take first profits and shift the stop loss to the entry level if the trade was executed.