Sphinx_Trading

NASDAQ: 15000 Demand breakout | Short opportunity +500 pips

Short
PEPPERSTONE:NAS100   US 100 Cash CFD
- Price broke the last high (inducement) and reached 1h supply zone as a full retest.
- We can observe price already tested 15k demand zone many times.
- After testing 15k many times, taking the las high (Inducement) and a full retest to supply zone we can predict 15k breakout with a big bearish move.
Comment:
- Big bearish 1h closure at 15k, looks great till now
Comment:
- Bearish 4h closure with a buying pressure (long wick)
- Waiting for FOMC meeting impact
Comment:
- Huge engulfing 1h closure>>
- Trade is on
Comment:
- If price closed for the day below 14900 it will be a great confirmation for the next demand area at 14500.
Trade closed: target reached

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