Nasdaq 100 Index forum
US100 Climbing back up to the FOMC price during Asian session indicates high buy liquidity to me. Could’ve been targeting SLs, but a previous experience tells me not to mess with climbing ATHs during Asian sessions so I am out of this. Not every setup works according to plan, I may look for another sell opportunity at 19936 area instead or if I get another confirmation during US session.
NAS100 sl hunting break completing in half hour
NAS100USD 18/09/24: Retracement to signal HL on the bigger TF
Today the Fed Reserve announced their first rate cut of 50bp which caused a bullish reaction in NAS. As such, we now have our 7H High signalled hitting my TP at 19,647.5
I am now looking for signs of retracement to take price back down to signal respective HL on the bigger TF
Within my retracement zone we just got what I call a liquidity grab where price spiked randomly during Asian session, to retest the highs from FOMC thus liquidating traders in any sell positions.
I have now used this as an entry point for sell position and as long as price remains below 19,698.6, the retracement is still valid.
For an entry position, it is always best to buy at the lows and sell at the highs
NAS100 sl hunting and i think 1 hour after it will be like nothing happened
NAS100 wtf is happening lol
NAS100 was this push news related?
NAS100 There are orders left behind that need to be filled on daily. My anticipation is that the price will go down to the FVG on daily at 18988 zone then it will go up to daily OB to 20k zone then drop like hell from there. I have my buy limit order set at the middle of FVG on daily.