Forexintelligence_NA

Buy opportunity on Nas100!

Long
FX:NAS100   US 100 Cash CFD
Trust you caught a sell entry and benefited a few pips from my previous analysis. If you followed congratulations.

Let's now look at the current market structure.
Price bounced up beautifully from a confluence zone of the rising trendline, 38.2% Fibonacci level and interestingly, price has printed a wedge (bullish continuation pattern). I expect price to rise if the wedge gets violated to the top side. For best entry, we should wait for the wedge to be completely violated. I will consider going long on this market with short term targets of 12856 and 13000 as shown on the chart.

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