NAS100 Weekly review
Updated
We want to see price testing our trendline
or the SUPPLY ZONE Above it to form any
sort of bearish variation
that would lead to a retest
on the 14750 S/R Level before going up!
A BUY LIMIT Entry and 30 - 35 Pips Stop loss is advisable and a TP That's 2 times our
SL or even more!
BE CAUTIOUS
- Wait for the drop down to 14750 before you enter
- If it happens price doesn't turn down to 14750
wait for a breakout and retest of the SUPPLY zone we
have at 14870 to 14900
All in All, it's a short term sell then long term buy for first scenario
then short term buy and a long term sell after the bridge of 14900
and higher.
Remember,
Price is our only indicator
or the SUPPLY ZONE Above it to form any
sort of bearish variation
that would lead to a retest
on the 14750 S/R Level before going up!
A BUY LIMIT Entry and 30 - 35 Pips Stop loss is advisable and a TP That's 2 times our
SL or even more!
BE CAUTIOUS
- Wait for the drop down to 14750 before you enter
- If it happens price doesn't turn down to 14750
wait for a breakout and retest of the SUPPLY zone we
have at 14870 to 14900
All in All, it's a short term sell then long term buy for first scenario
then short term buy and a long term sell after the bridge of 14900
and higher.
Remember,
Price is our only indicator
Order cancelled
We experienced a bearish movement at market open like anticipated but price didn't progress enough to our level of entering trades. Our buy limit wasn't triggered but its all good, we'll catch more of the upside in the next opportunity. Stay tuned
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