Lukegforex

LOOKING FOR NEXT BULL RUN - POTENTIAL CORRECTION INBOUND

Long
PEPPERSTONE:NAS100   US 100 Cash CFD
NASDAQ 4H - With this pair we have seen a-lot of bearishness being introduced over the course of the past two days. This will be down to numerous things, fundamentals being one of them.

As we know this pair is forever appreciating overtime so our best bet is to be a bull when looking to take part in this market. There is not harm in trading the corrective waves, as we know it just comes with additional risk.

Those of you wanting to trade the correction trading price lower could look for potential entries in and around one of two zones highlighted out above, these are OB's that have been left behind.

With me wanting to put precautions in place with this pair, I may look to sit on my hands and wait for price to trade us down and into the Demand Zone below before looking to take part, at least this way we are trading with the prevailing trend.

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