US 100 Cash CFDUpdated NAS100
Lets see how this trade plays out, I'm not a big trader in this market so taken a smaller position size on this
Analysis:
1) Monthly time frame = strong uptrend
2) Daily up channel where we are currently at a low price
3) Daily bullish wick rejection at 61.80% Fib retracement which also happens to be at up trendline and horizontal support
4) 1Hr head and shoulder's pattern at this zone
I entered at a counter trend line break bullish
Analysis:
1) Monthly time frame = strong uptrend
2) Daily up channel where we are currently at a low price
3) Daily bullish wick rejection at 61.80% Fib retracement which also happens to be at up trendline and horizontal support
4) 1Hr head and shoulder's pattern at this zone
I entered at a counter trend line break bullish
Trade active
SL = 15048.64TP = 182181
position size = 0.5
will manually close position base on market behavior
Trade closed manually
price initially went in our favourTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.