2024-02-27 MNQ Short / Potential 3R
Liquidity Above is taken out.
The price is holding under the order block, can be seen as a resistance.
Because there is no FVGs, it's not a High conviction area to short.
However, the risk to reward ratio seems good (3:1).
Seems like it's consolidating right now, and I feel that the real move will come
tonight NEWS 9.30pm Durable Goods Orders m/m
11.00pm CB Consumer Confidence.
Nvidia seems like cooling-off too. I feel that Nvidia's recent +15% in a day is an overreaction.
It should be retraced downwards.
The price is holding under the order block, can be seen as a resistance.
Because there is no FVGs, it's not a High conviction area to short.
However, the risk to reward ratio seems good (3:1).
Seems like it's consolidating right now, and I feel that the real move will come
tonight NEWS 9.30pm Durable Goods Orders m/m
11.00pm CB Consumer Confidence.
Nvidia seems like cooling-off too. I feel that Nvidia's recent +15% in a day is an overreaction.
It should be retraced downwards.