Potential short on NAS100.
Risk/reward = 5.4.
Entry = 22 956
Stop loss = 23 059
TP level 1 = 22 473 (50% of position)
T level 2 = 22 303 (50% of position)
RSI divergence.
Waiting for closure of current H8 candle to close in range.
Looking for lower volume on H8 closure, however, will make exception id higher since top 1 was on Thursday the 3rd and markets closed early.
Risk/reward = 5.4.
Entry = 22 956
Stop loss = 23 059
TP level 1 = 22 473 (50% of position)
T level 2 = 22 303 (50% of position)
RSI divergence.
Waiting for closure of current H8 candle to close in range.
Looking for lower volume on H8 closure, however, will make exception id higher since top 1 was on Thursday the 3rd and markets closed early.
Order cancelled
Price did not reach entry level. It just missed it. Further, sell order had been reached, I would have exited the trade since the price is lingering the the range.
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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.