As I think the Nasdaq future 100 will be short
well as I draw the trend line on chart ( white ) which shows that it is looking to break upper trend line whereas at the same point 15 min chart resistance ( yellow) are joining in so on the basis of these two line I have analyse that Nasdaq 100 Future is going to be short .
My trade will be short after the break out up after 11650 ( at this point I will short it ) with stop loss of 11750
whereas my take profit will be at 11450 .
This idea is 15 min chart trade with trend line ( white ) & support & resistance ( blue ) Drawn on 4 hour chart and yellow line support and resistance drawn on 15 min chart .
please do trade on your own risk . with proper risk management & stop loss.
Thanks
Usman .
well as I draw the trend line on chart ( white ) which shows that it is looking to break upper trend line whereas at the same point 15 min chart resistance ( yellow) are joining in so on the basis of these two line I have analyse that Nasdaq 100 Future is going to be short .
My trade will be short after the break out up after 11650 ( at this point I will short it ) with stop loss of 11750
whereas my take profit will be at 11450 .
This idea is 15 min chart trade with trend line ( white ) & support & resistance ( blue ) Drawn on 4 hour chart and yellow line support and resistance drawn on 15 min chart .
please do trade on your own risk . with proper risk management & stop loss.
Thanks
Usman .