NASDAQ Daily Analysis & Trade Idea
Ba Trend Follower I call this type of trade idea, Where you follow the trend whilst it creates higher highs and lower highs with various trend confirmations along the way to help push through those key barriers of resistance we see in the leveling out of price drawdowns.
Looking for a break of that dynamic S8R level with a retest above that to validate the next possible higher high of the trend allowing us to hop in on the way :)
As always it is very important to use the correct risk management when entering a trade and always due your own due diligence as we are not wizards and can not be correct 100% of the time it is therefore important to use price action for trading and follow your analysis as a footprint to possibilities.
Ba Trend Follower I call this type of trade idea, Where you follow the trend whilst it creates higher highs and lower highs with various trend confirmations along the way to help push through those key barriers of resistance we see in the leveling out of price drawdowns.
Looking for a break of that dynamic S8R level with a retest above that to validate the next possible higher high of the trend allowing us to hop in on the way :)
As always it is very important to use the correct risk management when entering a trade and always due your own due diligence as we are not wizards and can not be correct 100% of the time it is therefore important to use price action for trading and follow your analysis as a footprint to possibilities.