NASDAQ 100 Index - New Trade idea
New trade idea 💡
NAS100 Index
Price only managed to clear 10750 which is not a bad support structure tho, looks like the sell off might have taken a stall, still we yet to find out on Friday as the market closes for the week. Price established a channel and traded within the channel for some days, we subsequently saw a nice breakout but that did not hold really well, we seen price is not appraoching that same zone again for a second attempt to breakout. Fingers crossed we smash through this time, if that happens well, we could trade to atleast 11500. However failure to do so gives this asset a chnace to see 10,500 or even worse 10250. It's a lot of observation at this point
Nas100long
NAS100 LONG0.618% Fib Retracement on the dot of the 4 hr timeframe. Took first position.
On the confirmation with a Higher High Pullback I went heavy with 2 positions.
Managing trade from here
Good Luck Traders
NAS100/USD BUY LIMITNAS100/USD
BUY
Entree: 11.062
Take profit: 11.500
Stop loss: 10.837
NAS100 is gonne have pull back and on this one we go long because i think personally its gonne hit the x2 (14k) from the low of around 7k.
If u look good, NAS100 is making an ascending triangle, when its gonne break through it previous high, things can go fast.
The take profit is just a round number because i think its gonne be a sell off around the 11.5k level.
U can hold this trade to 14.000, but its gonen be a long one. Be sure to don't forget to take ur sl to entree or higher when u have a good amount of pips in profit.
USD currency is weak, so i think its not smart to think about a trend change in the market.
It will happen but not now.
Have a good day.
GV
NAS100 - Long ideaNASDAQ has ben boomin for the last 2,3 weeks so.. why not follow the trend and start looking for buy opportinuties? I'm suspecting that price can find support of the previous level of resistance and then go right back up to 11258-ish before falling back down.. stay consistent and follow the trend it is your friend :)
BULLISH MARKET ON NAS100ENJOY THESE BUYS ON NAS100. PRICE RECENTLY MADE A HIGHER LOW. AND WILL PUSH UP TO MAKE A NEW HIGHER HIGH!!!!!
Swing Trade Im already in profits wont move Stop Loss until Tuesday, I will secure partials at 150 pips
"EXAMINE THE MARKETS LIKE A SCIENTIST, BUT TRADING IS AN ART" - @TradingTrav