⚡️NAS100 - Breakdown of the Two Sniper ‘Shorts’⚡️Hello Traders :)
- I haven’t been posting trades lately but I’ve been trading
- So here I will post a breakdown of the two Effortless trades I took on NAS100
⚡️Let me break it down⚡️
❗️❗️Reminder when trading NAS100❗️❗️
▫️Use Pending orders
▫️Take Partial Profits
▫️Trail your Stops
▫️Minimum Risk to reward 1 : 3..NB. NAS can give you up to 1:10
First time frame was the Daily
♦️Downtrend confirmed by a lower low
♦️Price reached a Strong Resistance Area
♦️Strong downtrend structure
Second time frame was the 4 hour
♦️Supply Area on 4hr
♦️Several touches on the strong resistance level
♦️Lower low structure for downtrend
Third time frame was on the 1 hour
♦️Strong Bearish engulfing candle used for Entry
♦️Lower Lows made at a strong Resistance Level
♦️Weakening formation of candles as they approach the strong level
Hope you guys learnt a thing or two
Kindly leave a like and tell me what you think about these trades and where NAS might be heading to next
Stay Blessed!
Slick⚡️
