NAS100USD: Building Support for a Bullish Breakout
Greetings Traders,
In today’s analysis of NAS100USD, the market exhibits bullish momentum, and we aim to align with this narrative by focusing on bullish setups. Confluences supporting this direction include key institutional support zones that present opportunities for potential buy entries.
Key Observations:
1.Retest of a Breaker Block:
2.Confluence with FVG (Fair Value Gap):
Trading Plan:
By leveraging these institutional support zones, we aim to capitalize on bullish momentum with precision and discipline.
Kind Regards,
The Architect
In today’s analysis of NAS100USD, the market exhibits bullish momentum, and we aim to align with this narrative by focusing on bullish setups. Confluences supporting this direction include key institutional support zones that present opportunities for potential buy entries.
Key Observations:
1.Retest of a Breaker Block:
- Price is currently retesting a breaker block, a critical area of institutional support.
- This zone represents where institutions mitigate prior sell orders and reinstate buy orders, offering a strategic entry point.
2.Confluence with FVG (Fair Value Gap):
- The breaker block aligns with an FVG, further strengthening the support zone and enhancing its reliability for buy setups.
Trading Plan:
- Entry: Look for confirmation within the breaker block and FVG area to establish buy positions.
- Approach: Focus on scalping opportunities, given the current short-term market structure and setups.
By leveraging these institutional support zones, we aim to capitalize on bullish momentum with precision and discipline.
Kind Regards,
The Architect
Trade active
Entry
Risk= 1%
Target= 1.69%
Refer:
Regards,
The_Architect
Trade closed: target reached
TP Hit/Targets Reached!
Profit= 1.69%
Refer:
Happy Trading,
The_Architect
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