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UnknownUnicorn5738194

NASDAQ (NQ1!) WEEKLY SETUP (2H chart analysis)

Short
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
UnknownUnicorn5738194 Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis
3
0
trendanalysis

NASDAQ has made a bearish first movement in 2H chart and we can wait for a correction before se make a sell action.

I've drawn support area and expect a secondary reaction will occurred at around 8700. The best option on this situation is sell on strength, wait for the price action confirmation at 9400 (plan A) or at 9150 (plan B) area.

I love the risk reward ratio on this setup and I will keep an eye on it.

Trading plan:
A. Sell @9400 , Stop Loss @9700 , Take Profit @8500 (Risk:Reward = 1:2.5)
B. Sell @9150 , Stop Loss @9150 , Take Profit @8500 (Risk:Reward = 1:3)


DISCLAIMER:
*) Risk max 5% from your total equity, trading is about compounding.
**) Any profit or loss is your own responsibility, this is my own setup and I just shared it to be used as my own portfolios.
Trade closed: target reached
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