This was a NAS100 Sell Entry Trade Idea for 115 PIPS profit on Thursday July 15/21
Please follow the ABC Breakdown to understand the psychology of this trade
A) Nas100 was in an area of consolidation (accumulation/distribution) where price action was trading sideways
B) At 10:15am EST, we had a bearish breakdown at a key support level 14880
C) We initiated a Sell Entry on the impulse candlestick break at 14880 support, where we watched for the close of the candle below the key support level. Bearish momentum continued to the downside
D) Price action continued in the bearish direction creating lower highs and lower lows
E) Take profit was around 14767 for a total of 115 Pips from the sell entry
It is always important to scale out of your position by taking partial profits, and leaving the rest with a breakeven stop loss for further profits
Thanks for the support
Stock Sniper Trading
Please follow the ABC Breakdown to understand the psychology of this trade
A) Nas100 was in an area of consolidation (accumulation/distribution) where price action was trading sideways
B) At 10:15am EST, we had a bearish breakdown at a key support level 14880
C) We initiated a Sell Entry on the impulse candlestick break at 14880 support, where we watched for the close of the candle below the key support level. Bearish momentum continued to the downside
D) Price action continued in the bearish direction creating lower highs and lower lows
E) Take profit was around 14767 for a total of 115 Pips from the sell entry
It is always important to scale out of your position by taking partial profits, and leaving the rest with a breakeven stop loss for further profits
Thanks for the support
Stock Sniper Trading
Thank you,
Stock Sniper Trading
Stock Sniper Trading