Signal_Centre

NASDAQ - Selling a break

Short
OANDA:NAS100USD   US Nas 100
Trade Idea

We have a Gap open at 7700 from 28/06 to 01 /07.
The rally was sold and the dip bought resulting in mild net gains yesterday.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
This has resulted in mixed signals and we prefer to trade a break.

We look to Sell a break of 7835
Stop: 7875
Target 1: 7750
Target 2: 7700

Updates
The move to 7835 triggered our short trade
Updated: 2019-07-05 13:43:17
Trade active: We have lowered stop to 7815
Trade closed manually: Traded to 7815 and closed for small profit
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Comments

I think the uptrend on higher time frames is weakening. Thanks for taking your time and sharing. 😎😀
Reply
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