PREPARING FOR SHORTS ON NAS
NAS100 4H - As you can see since the prior analysis on this pair this market has played out exactly as predicted, we have seen this correction continue to take place, providing us with bullish structure.
I wan to see this trade us right up and into one of two areas of interest marked out above, setting TP1 at the Supply Zone currently closest to price, this will generate us with some great profits upwards of 4% with a 1% risk.
Once price has traded into the area of interest I will be looking at removing orders from the market, taking profit and preparing for a potential move to the downside, I will need confirmation before placing.
We want to see price break structure to the downside after trading us up and into the area of supply, giving us the confirmation we need in order to take this market short, once we have that we can prepare to place out positions in the market.
I wan to see this trade us right up and into one of two areas of interest marked out above, setting TP1 at the Supply Zone currently closest to price, this will generate us with some great profits upwards of 4% with a 1% risk.
Once price has traded into the area of interest I will be looking at removing orders from the market, taking profit and preparing for a potential move to the downside, I will need confirmation before placing.
We want to see price break structure to the downside after trading us up and into the area of supply, giving us the confirmation we need in order to take this market short, once we have that we can prepare to place out positions in the market.
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