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NASDAQ (US100)
Pair: NASDAQ (US100)
Bias: Long
Price has retraced to the previous level of support at the 13200 level/zone to complete the inverse head and shoulders pattern.
This trade is not taken purely off this pattern but rather based off the amount of liquidity that still lays above at the 13700 level.
Therefore i will be buying to the 13700 zone. Price is currently trading above the 13400 level which was a strong level of resistance.
NB: Risk management is key
Bias: Long
Price has retraced to the previous level of support at the 13200 level/zone to complete the inverse head and shoulders pattern.
This trade is not taken purely off this pattern but rather based off the amount of liquidity that still lays above at the 13700 level.
Therefore i will be buying to the 13700 zone. Price is currently trading above the 13400 level which was a strong level of resistance.
NB: Risk management is key
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