NAS100 USD SELL
Makeyourmoneywork4U Trade Idea
Pair: NAS100 USD USTEC
Position: SELL
Timeframe: D/4HR
STOP LOSS: 12260
TAKE PROFIT: 10000
Reason for trade: This pair has followed the ABCD pattern on the daily timeframe (see the yellow dotted line) and as per our strategy the price has come back to retest the C point with a lower high.
Now expecting price to move down to around the 10000 level (1.618% fib)
Also the daily candle closed as a Hammer candle on Friday which is another indication of a trend reversal.
Trade with caution and use proper risk management, there may be a gap on opening due to all the election news
Pair: NAS100 USD USTEC
Position: SELL
Timeframe: D/4HR
STOP LOSS: 12260
TAKE PROFIT: 10000
Reason for trade: This pair has followed the ABCD pattern on the daily timeframe (see the yellow dotted line) and as per our strategy the price has come back to retest the C point with a lower high.
Now expecting price to move down to around the 10000 level (1.618% fib)
Also the daily candle closed as a Hammer candle on Friday which is another indication of a trend reversal.
Trade with caution and use proper risk management, there may be a gap on opening due to all the election news
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.