I'm looking at the potential for a pullback to grab some liquidity below. Likely a pullback around London Session. Then I am expecting 8:30am news to be very bullish, regardless of the news outcome, I expect it to fuel the aggressive move higher.
NQ pushed below the weekly opening level. This is an indication of us heading lower to a greater Sell-Side Liquidity level. I am targeting 19,104.00 Liquidity.
Order Block entry on the 15 second chart was the best model I seen within that choppy price action for NQ on Friday. A tight 12 point stop with a 95 point profit target. Here is what I seen and how I traded it.
NQ has sold off heavily recently. I see it making a very small move higher into the inefficiency (box), likely during Asia or early London session. From there I will be looking for short opportunities down to the internal low taking out 1 or more Sell-Side Liquidity levels. If we fully inverse that inefficiency then I will be looking for a long setup.
