Looks like there is a beautiful setup.
NQ1!
, CURRENCYCOM:US100 &
NDX
is forming a bull flag. Break of the pattern can take us to 13600 area. With CPI numbers coming tomorrow, it would be interesting to follow.
Entry: 12500
Stop Loss: 12300
First profit Target: 12800
Second Profit Target: 13100
Final Profit Target: 13600
With regards to stop loss, I would wait for a 2hr candle to close below 12300.
NQ1!
, CURRENCYCOM:US100 &
NDX
is forming a bull flag. Break of the pattern can take us to 13600 area. With CPI numbers coming tomorrow, it would be interesting to follow. Entry: 12500
Stop Loss: 12300
First profit Target: 12800
Second Profit Target: 13100
Final Profit Target: 13600
With regards to stop loss, I would wait for a 2hr candle to close below 12300.
Trade active:
12730 would be a good area to take first profit. We will keep the rest of the position active and close 1/3rd of the position.
We will update the stop loss for the rest of the position to 12550. That way we will end up with overall positive position.
We will update the stop loss for the rest of the position to 12550. That way we will end up with overall positive position.
Trade closed: stop reached:
We got a massive selloff yesterday and our updated stop loss (12550) was triggered.
Overall, it was a profitable trade.
Congratulations!
Overall, it was a profitable trade.
Congratulations!