NASDAQ 30M - I am wanting to see this market trade us lower for the rest of the week, this could be disrupted by upcoming fundamentals though so we need to be careful.
As you can see price has been respecting areas of Supply and has continued to trade us in a bearish way, breaking lows and protecting highs.
We have seen that price has as of recent traded us up and into the Supply Zone I have marked out above and rejected well, I would like to see a down move now from this area.
I would be looking to take profit just above the last low that was created this helps guarantee that our TP can be achieved whilst still providing a healthy RR.
As you can see price has been respecting areas of Supply and has continued to trade us in a bearish way, breaking lows and protecting highs.
We have seen that price has as of recent traded us up and into the Supply Zone I have marked out above and rejected well, I would like to see a down move now from this area.
I would be looking to take profit just above the last low that was created this helps guarantee that our TP can be achieved whilst still providing a healthy RR.