UPDATED ANALYSIS FOR NAS100
NAS100 1H - Been a little quiet today with me being busy however I did suggest to look for those short opportunities in and around this area just this morning. I hope you all managed to take advantage and get involved.
As you can see price is playing out very well as it stands, we are seeing price correct itself at the moment, I believe this is only temporary to trade us up and into the Supply Zone I have marked out above.
Once we see price trade us up and into the Supply Zone this is where we can expect price to break down going on to create new lows and highs in the market. Its important however that we keep our wits about with this correction as the zone itself could be absorbed.
If you wanted to look to apply safety measures with your positions this could be done moving SL to entry and taking partials, as we know this mitigates risk and banks profits. If you guys have any questions or need anything as always drop me a message or comment below.
As you can see price is playing out very well as it stands, we are seeing price correct itself at the moment, I believe this is only temporary to trade us up and into the Supply Zone I have marked out above.
Once we see price trade us up and into the Supply Zone this is where we can expect price to break down going on to create new lows and highs in the market. Its important however that we keep our wits about with this correction as the zone itself could be absorbed.
If you wanted to look to apply safety measures with your positions this could be done moving SL to entry and taking partials, as we know this mitigates risk and banks profits. If you guys have any questions or need anything as always drop me a message or comment below.
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