US 100 Cash CFDLong
NAS100 Shall we Buy or Shall we Sell !?
Analysis :
Two Scenarios are forseen
Buy :
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
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- Price are in up trend [Inside a bullish Regression Channel],
- Price is boucing several time on a solid long term support,
- A Crab harmonic pattern has formed, with a Point D as objective,
- we will favor the Bullish scenario [Without neglecting the bearish one].
Two Scenarios are forseen
Buy :
- Wait For Resistance Areas breakout,
- Wait for the price to bounce off from the resistance area which become support area,
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate BUY order,
- Targets are TP1 to TP3,
- SL Under Range Area.
Sell :
- Wait For Resistance Areas breakout Fail,
- wait for the price to down breakout the range area,
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate Sell order,
- Target ==> Long term solid support,
- SL above the vwap.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
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