UPDATE ON NAS100 TRADE
NAS100 1H - As you can see price has played out really well for us, putting in the bearishness we predicted once we saw price trade in and around the area we had marked out. I am expecting this bearishness to continue now.
I would like to see price offer us another entry opportunity, we just need to look for valid areas of Supply that price can come to trade back up and into, this can be seen by looking for last buy to sell regions.
This trade is currently running + 405 pips. (+ 3%) 3RR
Once we see price trade us back up and into these areas we know that those buy orders will be removed from the market as will the buy order that were placed to push price to the areas themselves and short orders will be introduced into the market.
As always we must wait for entry confirmation that will come via a fractal break in structure. A fractal break tells us that the correction trading us up and into the Supply Zone has finished and a new leg trading us lower is ready to be printed into the market.
I would like to see price offer us another entry opportunity, we just need to look for valid areas of Supply that price can come to trade back up and into, this can be seen by looking for last buy to sell regions.
This trade is currently running + 405 pips. (+ 3%) 3RR
Once we see price trade us back up and into these areas we know that those buy orders will be removed from the market as will the buy order that were placed to push price to the areas themselves and short orders will be introduced into the market.
As always we must wait for entry confirmation that will come via a fractal break in structure. A fractal break tells us that the correction trading us up and into the Supply Zone has finished and a new leg trading us lower is ready to be printed into the market.
כתב ויתור
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