US 100 Cash CFDShort
Nasdaq 100 Trade Idea 21-12-2022
This is my first ever trade analysis after starting with my trading journey almost a year ago, so please bear with me.
As we can see, the price was in a ascending trendline, and after that, went immediately into a price consolidation.
Nomally, we would take a buy, but as we can see, there were some liquidity graps in the market. With that said, i anticipate the price making a fake-out and grabbing Liquidity, sitting at the price $11200,-, and then making the impulsive move back down to the target of $10800,-. So my take on the market, is to take a Sell Limit order at the price $11200,-
My take on the market
As we can see, the price was in a ascending trendline, and after that, went immediately into a price consolidation.
Nomally, we would take a buy, but as we can see, there were some liquidity graps in the market. With that said, i anticipate the price making a fake-out and grabbing Liquidity, sitting at the price $11200,-, and then making the impulsive move back down to the target of $10800,-. So my take on the market, is to take a Sell Limit order at the price $11200,-
My take on the market
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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.
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.