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Tech100

NASDAQ - Engulfing on 4H chart, more downsidside expected.Trade Idea Broken out of the channel formation to the downside. A mild correction has been posted from yesterday’s low, this is seen as a retest of the breakout level. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7500, resulting in improved risk/reward. Stop: 7570 Target 1: 7160 Target 2: 7000
OANDA:NAS100USDShort
by Signal_Centre
NASDAQ - Head and Shoulders 60min chart.DAY TRADE - EXPIRES AT 9PM UK Trade Idea Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. We look for a re-test of the upward trending resistance. Bespoke resistance is located at 7985. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7985, resulting in improved risk/reward. We look to Sell at 7895 Stop: 7895 Target 1: 7800 Target 2: 7750
OANDA:NAS100USDShort
by Signal_Centre
NASDAQ - Selling a breakTrade Idea We have a Gap open at 7700 from 28/06 to 01/07. The rally was sold and the dip bought resulting in mild net gains yesterday. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. This has resulted in mixed signals and we prefer to trade a break. We look to Sell a break of 7835 Stop: 7875 Target 1: 7750 Target 2: 7700 Updates The move to 7835 triggered our short trade Updated: 2019-07-05 13:43:17
OANDA:NAS100USDShort
by Signal_Centre
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