Possible short position on Nas100, after buyside liquidity is taken price should then take out the sell side liquidity where take profit is set. Risk management is key here
Strategy as follows:
One trade per week.
Risk 1% on funded account.
Minimum 1:2 risk to reward.
Hey Traders! We can see a possible sell entry from last weeks fair value gap created or from the
50% wick which was created targeting sell side liquidity.
Hey Traders, we saw a nice bullish move on cable last week! This week we can anticipate the dollar index going lower with cable moving to the fair value gap of around 1.29500
Hey Traders, We see the 1.21000 as a key level where it was used as previous support and resistance, there may be a possible buy entry depending on additional confluences this week.
Hey Traders, We see the 1.23500 level as a key level used previously in support and resistance if this level is broken we could possibly look at taking a short position on the retest.
Hey traders, we see the 1.23000 area being tested for support and if that area is broken we can look at taking a sell position at the area of 1.23000 on a retest and then look at taking profits at 1.22000 or 1.21000 level.
Hey traders, we see AUDUSD broke a key support level being 0.69500, price is also trading below the 50 EMA indicating that we could see price going into the next support zone being 0.67500.
Hey traders, We see price coming to a key level on the chart being 1.23000 which was used as previous resistance and support should resistance be formed around the 1.23000 level we can then look at taking profit around the 1.21000 level.
Hey Traders, we see the 1.21000 as a key level on the chart, it was used as support and resistance in the past. Price was unable to break the support yesterday of 1.21000 to continue on the sell side. We can see that the market is shifting to the bullish side until 1.23000 or potentially higher, price is also above the 50 EMA indicating that we can potentially see...
