JICPT| Two bullish pullback setups of NQ on 4H
Updated
Hello NQ traders, my pullback trade setup of NQ is mainly based on structure and moving average.
From the daily chart, it's bullish uptrend. So, I tend to bullish setup on 4H or 1H timeframes, though, you can have short setups on 5m or 15m as long as it suites your trading system. Do remember trailing your stops or getting out quickly when you have short positions in situation like this. I got lessons in the past.
On the 4H chart, the mid-term MA has been tested twice recently, but it served as a solid defender against the seller. Coincidentally, the mid-term MA also is in line with the structure which enhance our winning ratios.
The below long-term MA setup is pretty much the same thing.
What's your opinion? Give me a like if you're with me!
From the daily chart, it's bullish uptrend. So, I tend to bullish setup on 4H or 1H timeframes, though, you can have short setups on 5m or 15m as long as it suites your trading system. Do remember trailing your stops or getting out quickly when you have short positions in situation like this. I got lessons in the past.
On the 4H chart, the mid-term MA has been tested twice recently, but it served as a solid defender against the seller. Coincidentally, the mid-term MA also is in line with the structure which enhance our winning ratios.
The below long-term MA setup is pretty much the same thing.
What's your opinion? Give me a like if you're with me!
Note
The first defense zone has been firmly violated with price failed to challenge the previous high. According to supply & demand theory, it's been used up. The next level to watch is 14580. Let's see. Note
The second setup failed to stop the sellers due to the fear of resurgence of Covid spread. 
plan your trade and trade your plan
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