NAS100 TRADE UPDATE - PERFECT SET UP
NAS100 4H - As you can see this pair has played out perfectly for us over the course of the last few days, not only did we predict a bullish market trading us higher but we also predicted the area at which we wanted to see price revere from.
Price has traded into the zone we marked out and has traded us nicely into the 50% mark before showing great signs of a rejection, not only could we have got involved in this market with a pending order but we could also look to get involved now from the initial pullback.
As we know with price breaking structure to the downside, its confirmed to us that the correction trading us up and into the zone has finished and a new trend trading us lower is now in play, well with bearish structure we are presented with Lower Highs and Lower Lows.
With price now setting a High breaking the last Low to create a lower one, we can now expect price to pullback to trade into a fractal area of Supply in order to set a new Lower High. This is where we can look to get involved in this market from.
Price has traded into the zone we marked out and has traded us nicely into the 50% mark before showing great signs of a rejection, not only could we have got involved in this market with a pending order but we could also look to get involved now from the initial pullback.
As we know with price breaking structure to the downside, its confirmed to us that the correction trading us up and into the zone has finished and a new trend trading us lower is now in play, well with bearish structure we are presented with Lower Highs and Lower Lows.
With price now setting a High breaking the last Low to create a lower one, we can now expect price to pullback to trade into a fractal area of Supply in order to set a new Lower High. This is where we can look to get involved in this market from.
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