UUS Tech 100 CFD
Short
US Tech 100 Shifts From A Bulls Market
Following the recent formation of a LH and then a break of the most recent HL on the daily TF, there seems to be a shift into from buying market to selling market. I identified a zone which had previously been respected and I want to see price pull back for a retest before show signs of rejection and then continue the downward.
As to how I plan to enter a trade I'm using a sell limit order with the levels from my 1h TF. My entry is at 14748.6, stop loss is at 14848.6 about 1000 ticks, I couldn't find any levels looking at the left for my take profit so its all to the bottom of the recent push as shown in the chart(12925.9). Hopefully I get that pull back which will trigger my entry.
As to how I plan to enter a trade I'm using a sell limit order with the levels from my 1h TF. My entry is at 14748.6, stop loss is at 14848.6 about 1000 ticks, I couldn't find any levels looking at the left for my take profit so its all to the bottom of the recent push as shown in the chart(12925.9). Hopefully I get that pull back which will trigger my entry.
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