NQ Long Using Fib Retracement, Order Blocks, Price Action
Took a long on NQ. Before taking this trade on NQ I saw it retested in inbalance zone but waiting to go long to see where price action will hit on Fibonacci retracement. I saw price action hit a 0.382% Fibonacci level indicating a strong trend to the upside. Aiming my TP at an Order Block that is shown on the 15min, 30min, and 1hr time frames. Based on the Smart Money Concepts or ICT, price will fill the liquidity of the OB but I will play it safe and aim half way of the Order Block. My entry is the green arrow, My stop loss is the red line, and TP is the green line. Will see if my prediction is correct!
Indicators used to to take this Long Position are
- Fibonacci Retracement
- Retesting of Inbalance Zones, FVGs, etc.. (ICT or Smart Money Concepts)
- Price Action
- Support & Resistance
Indicators used to to take this Long Position are
- Fibonacci Retracement
- Retesting of Inbalance Zones, FVGs, etc.. (ICT or Smart Money Concepts)
- Price Action
- Support & Resistance
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