ANOTHER SHORT MARKET
NAS100 - As you can see we have yet another market giving us clear signs and indications of bearish structure. With the USD being base on most pairs I trade there is going to be correlation between the pairs.
I am wanting to see very similar behaviours from this pair, I want to see price trade us up and into the area of interest introduce Supply and offload Demand before trading us lower in the market.
In order for us to deem a valid entry we would need to see price break structure fractally to the downside, this confirming the end of the correction trading us up and the start of the next move lower.
You will see that by price trading us up and into the Supply Zone above, price is also coming to retest an area it has recently broken, giving us more confluence when looking for further confirmation.
I am wanting to see very similar behaviours from this pair, I want to see price trade us up and into the area of interest introduce Supply and offload Demand before trading us lower in the market.
In order for us to deem a valid entry we would need to see price break structure fractally to the downside, this confirming the end of the correction trading us up and the start of the next move lower.
You will see that by price trading us up and into the Supply Zone above, price is also coming to retest an area it has recently broken, giving us more confluence when looking for further confirmation.
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