USTECH 100/NASDQ | Perspective for the week | Follow-up detail
Updated
Following the strong sell that characterised this market in the last two weeks where we were able to scoop about 1,400 pips since my last publication on the index (see link below for reference purposes); we are currently at a critical point at around the $12,000 zone going into the new week. Are we going to be seeing buying potential during the coming week or a breakdown of the 112K zone will incite a plunge in the price of the index?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
Since the beginning of the week price appears to be caught within the $12,150 and $12,050 zone hence I want to wait for a signal in the form of either a breakout/breakdown of the channel to make a decision.Good morning
Trade active
We are beginning to witness a setup that has a potential of breaking above the channel at the $12,150 level.Good morning
Trade active
Above $12,150 area is a comfortable place to be in a buy positionGood morning
Trade active
Break-even hit as a bearish signal established after a successful breakdown of the channel and key level at the $12,000 area.Trade active
Running as expected. PATIENCE!Good morning
Note
With a significant breakout of the channel between the $12,150 and $12,050 to the upside, I will have to be patient enough to see how price action plays out to make a decision.Good morning
Trade active
A sharp rejection of the buy zone in the 15mins timeframe sets the tone for a bullish momentum - locking in some profit. (Sorry the identification of the buy zone was not updated here as it is on my youtube channel - please check today's live studio session)Trade active
Over 200 pips running in profit; locking in some profitGood morning
Trade closed: target reached
340pips in profit
Trade smart. Trade consciously
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