Dear traders,
Here is your NASDAQ Focus for today.
Nasdaq put in a double bottom a few days ago on the H4 timeframe, and started to make higher highs on the H4 & D1 timeframe, indicating a creation of a new uptrend. However, on the daily timeframe , price is approaching resistance at around 13800 price. We expect price to reject there and retrace back to the 61.8 Fib level before continuing its uptrend.
Our 1st Buy Liimit is placed at 13540 (with a 1% risk position size)
Our 2nd Buy Liimit is placed at 13460 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 13942
Our Stop Loss is placed at 13390
Thank you. Like & Subscribe.
Trade Smartly.
Here is your NASDAQ Focus for today.
Nasdaq put in a double bottom a few days ago on the H4 timeframe, and started to make higher highs on the H4 & D1 timeframe, indicating a creation of a new uptrend. However, on the daily timeframe , price is approaching resistance at around 13800 price. We expect price to reject there and retrace back to the 61.8 Fib level before continuing its uptrend.
Our 1st Buy Liimit is placed at 13540 (with a 1% risk position size)
Our 2nd Buy Liimit is placed at 13460 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 13942
Our Stop Loss is placed at 13390
Thank you. Like & Subscribe.
Trade Smartly.
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Nice trade.
