dec-98

NAS100 Short

Short
OANDA:NAS100USD   US Nas 100
After a large bullish run we have a trendline break and retest. On the LTFs we can see clear rejections of the horizonal resistance

Comments

1 hour rejections are not sufficient enough to make an informed judgement about the next direction of this market, need to look atleast 4hrs before even considering this, I feel.
Reply
@Dips007 You’re absolutely correct, that wasn’t the full basis for this trade however. Higher time frames are absolutely more reliable to go from 👌
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