NAS100USD: Sell with Focus on Daily FVG!
Greetings, Traders!
Brief Description🖊️:
Currently, NAS100USD has switched to a bearish institutional structure. After retracing into a Balanced Price Range (BPR), price is respecting this zone, signaling a potential continuation toward the downside. The BPR reflects an area where price was delivered at fair value, balancing both buy and sell sides. I am closely watching for confirmation entries on lower timeframes to ride this bearish momentum toward my targets, which align with the Daily Fair Value Gap (FVG) and H1 sell stops.
Things I Have Seenđź‘€:
Bearish Targets🎯:
What's Important Nowâť—
Monitor price action during the New York afternoon session for volatility and look for sell confirmations on lower timeframes to align with the overall bearish bias.
Happy Trading,
The_Architect
Brief Description🖊️:
Currently, NAS100USD has switched to a bearish institutional structure. After retracing into a Balanced Price Range (BPR), price is respecting this zone, signaling a potential continuation toward the downside. The BPR reflects an area where price was delivered at fair value, balancing both buy and sell sides. I am closely watching for confirmation entries on lower timeframes to ride this bearish momentum toward my targets, which align with the Daily Fair Value Gap (FVG) and H1 sell stops.
Things I Have Seenđź‘€:
- Bearish Momentum📉: Price is trading within a BPR, suggesting a continuation towards the downside after retracing into this zone.
- Balanced Price Range Resistance🟥: The BPR is expected to act as a resistance level, guiding price lower.
Bearish Targets🎯:
- Sell-Side Liquidity: Targeting sell stops on the H1 timeframe.
- Daily FVG: Expecting a draw toward the Fair Value Gap, where inefficiencies in price delivery exist.
What's Important Nowâť—
Monitor price action during the New York afternoon session for volatility and look for sell confirmations on lower timeframes to align with the overall bearish bias.
Happy Trading,
The_Architect
Note
Alternative Entry Point
-If the BPR does not provide a confirmation entry, I will be waiting for price to reach the H1 Bearish Order Block, where I will look for a confirmation entry towards the downside.
Refer:
Regards,
The_Architect
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