US Nas 100Short
NAS100 SHORT
Updated
The price formed a bearish momentum and then formed a rising channel, which is a strong indication of bearish momentum. The price broke out of the channel and formed a lower low. I am suggesting that the price might retest the channel, then continue with the bearish momentum.
I have two suggestions for our case: 1 - Entry below the lower low @ 11450 in case the price does not retest the channel.
2 - At the lower trendline of the channel @ 11750 incase the price retests the channel.
Stop loss for the first case will be @ 11700, and Stop loss for the second scenario will be @11960
The target for the 1st scenario is 10700, and for the second scenario is @11160
R: R is 1:3
Please, Risk 1 - 2 % of your account and trade accordingly.
I have two suggestions for our case: 1 - Entry below the lower low @ 11450 in case the price does not retest the channel.
2 - At the lower trendline of the channel @ 11750 incase the price retests the channel.
Stop loss for the first case will be @ 11700, and Stop loss for the second scenario will be @11960
The target for the 1st scenario is 10700, and for the second scenario is @11160
R: R is 1:3
Please, Risk 1 - 2 % of your account and trade accordingly.
Trade active
The trade activated on the first scenario.Trade closed: target reached
Tp 1 HIT!! @11200Trade closed: target reached
Tp 2 HIT!! @10900
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