Price is currently sitting at a strong weekly resistance level, and broken bullish structure on the macro timeframe (8 hour). Entry is upon the retest of the POI for a continuation to the downside with the first TP at the next structure level
Possible short bias on the USTECH. Daily bias still stuck in some consolidation but i believe we have a pending short before going bullish to take out some weekly liquidity.
Relatively equal lows present around 12925 therefore, posible target. Entry is premature as London open has not occured yet.
Trade Idea
Sell On Nasdaq 100
Entry: 12034.30
Stoploss: 12050 **Include Your Broker Spread**
Take Profit Zone: ** I Trade Risk-To-Reward So I Can Have Small Losses, Breakevens Occur Often, The Ones That Run Immediately Just Require Patience But Use The Tp's Below.
Tp1: 11,980
Tp2: 11,880
Tp3: 11,780
Tp4: 11,680
Tp5: 11,580
Swing Tp: 11380.0
NAS100 is bullish but we look for the bearish move as in intraday trading.
14680-14700 is the good area for the seller to target the 14200 area. Risk to reward is good as well.
This is just an idea, manage your risk, Market can go in opposite direction.
Hi traders
Hope you all had a great week of trading.
We looking at opening the new week with a buy then continue selling to go for our lower levels.
Let us know what you think of our setup by commenting & feel free to give us a like.
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Hi everyone
This is our plan for today on NS100/US100.
Let us know what ypu think.
Feel free to give us a like & subscribe to our profile.
#ForexPeopleFX
#GrowingPipsTogether
Sell set up on nas100.
we are currently in the correctional phase of the market as the market closed at the end of the impulsive move and we are now anticipating a further push to the downside with a RR of 5.1. If you are looking to take this trade. Wait for an entry confirmation on the M15 and set your stop 15-20 points away.
An update will be posted throughout...
