Testing TS1 and going long on the NAS100 for the following reasons:
Bullish Indications:
1- Market is in range, as strong Support at 10683 (unbreakable support since may 2020 and tested again on sept 2022)
2- Buyers Pressure, and 1st green candle formed after 2 red candles on 15m
3- resistance is expected to be in range of 10776 - 10779
4- Divergence can be seen on RSI
5- Double bottom can be considered and if price breaks the neck line at 10766 then the next resistance (TP4) can be at 10880
Bearish Indications:
1- is strong support at 10681 broken and price reached to 10600 then this can become strong Resistance.
Entry: 10687
SL: 10656
Risk 1%
Lots: 0.3
Plan A:
Long
Entry: 10687
SL:10656
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Short
entry : 10600
SL: 10650
TP1: RRR1
TP2: RRR2
TP3: RRR3
Bullish Indications:
1- Market is in range, as strong Support at 10683 (unbreakable support since may 2020 and tested again on sept 2022)
2- Buyers Pressure, and 1st green candle formed after 2 red candles on 15m
3- resistance is expected to be in range of 10776 - 10779
4- Divergence can be seen on RSI
5- Double bottom can be considered and if price breaks the neck line at 10766 then the next resistance (TP4) can be at 10880
Bearish Indications:
1- is strong support at 10681 broken and price reached to 10600 then this can become strong Resistance.
Entry: 10687
SL: 10656
Risk 1%
Lots: 0.3
Plan A:
Long
Entry: 10687
SL:10656
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Short
entry : 10600
SL: 10650
TP1: RRR1
TP2: RRR2
TP3: RRR3
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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.