NAS100 H4 | Falling to pullback supportNAS100 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 20,333.22 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 20,020.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 20,789.44 which is a level that aligns with the 161.8% Fibonacci extension level.
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Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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