Mirror strategy in a Ranging Market

NAS100USD has been Ranging between 15538 and 14556 since 18 Aug 2023. Here is our trading plan.

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Possible Path 1: To Upside
A Higher Low forms above the bottom of the Demand Zone (14826) ,
then attach the Supply Zone and Trend Line again.

Idea:
1. Long Entry when a Low formed above 14826.
2. Target to 15352 (Bottom of the Supply Zone).
3. Stop Loss below the Demand.

Risk and Reward 1:3 to 1:4


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Possible Path 2: To Downside
Straightly break the bottom of the Demand Zone (14826), then formed a Lower Low below the Demand Zone.

Idea:
1. Short Entry when a Lower Low formed below 14826.
2. Target to 14557 (Day Low on 18 Aug).
3. Stop Loss above the Demand.

Risk and Reward 1:3 to 1:4