H1 - Bearish divergence
Most recent uptrend line breakout
Strong bearish momentum
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
I took a long on Nasdaq100 at the current price and I am expecting the market to buy off today. I will break even my order at 13100 to have a risk free trade for the day.
If you take the buy with me please use proper risk management and risk no more than 20% of your account.
TAKE PROFIT AROUND: 13200
STOP LOSS AROUND: 13000
