NAS100 BUYS
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This is a little late But i think buys will continue so im posting it anyway. There a few ways that im looking at this pair so bare with me.
1. break of trend line- Price was in a downtrend and we had a break of trend to the upside. Price came back down and corrected this strong bullish move but it did not create a new low.
2. Key levels. Price respected my daily key level and previous low while forming a level of support with wick rejections.
3. Price broke above my H4 key level which on a lower time frame is another break of structure on a bearish trend line.
4. These reasons in confluence with volume from NY session, pips offered and a safe place to put my stop loss give me the confidence for buys.
Please give me any feedback or comments. Do you see the same for NAS100?
Thanks for reading!
1. break of trend line- Price was in a downtrend and we had a break of trend to the upside. Price came back down and corrected this strong bullish move but it did not create a new low.
2. Key levels. Price respected my daily key level and previous low while forming a level of support with wick rejections.
3. Price broke above my H4 key level which on a lower time frame is another break of structure on a bearish trend line.
4. These reasons in confluence with volume from NY session, pips offered and a safe place to put my stop loss give me the confidence for buys.
Please give me any feedback or comments. Do you see the same for NAS100?
Thanks for reading!
Trade chiuso: obiettivo raggiunto
NAS buys played out nicely. Break and retest of weekly key level/ last high for buy continuations.
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