Nas100 Short 2R

25 nov 2021

This was my third trade from yesterday. Price has been in a short term down trend for a few days after making new highs. I followed market structure and waited for a pullback to the 70.5% fibonacci level to take my short entry. On this trade there was a little drawdown but nothing telling me I shouldn't be in the trade. Price came down to my first target which was at the low of Wednesday, but from my analysis, price came down to this point to take out sell stop orders before moving higher throughout the day.