Waiting For Another Sell Entry NAS100

2023年6月8日

NAS100USD

After yesterday's first major move of the week of over 3,500 pips, the market completed it's retracement cycle overnight by creating the M15 LH/LL which yielded another 800 pips.

Currently the next entry point will be a high on the M15 (LH on the H1) and the next exit will be the next LL on the hour timeframe.

This week the market is stingy with the mega moves all at once, however it is giving tons of opportunities for entries and exits as it makes it way down towards the daily HL.

so while another sell is in order today, one has to take into account the bullish retracements that will take place in order to properly setup the move.

Happy Trading...

God Bless

2023年6月8日

交易進行

Market is in full preparation mode as it searches for daily High

see notes on the chart below:

God Bless

2023年6月8日

交易進行

Some high impact reports coming out at 8:30 am...

all the more reason to be patient for today's move.

One thing is for sure...the sell should break yesterday's low of 14289.25

The M15 high just came on...so now I wait for it to finish later this morning.

2023年6月8日

交易進行

Being very cautious with this entry...

Although I got my high on my M15, I still see some residual buying pressure and especially since 8:30am has 3 reports to drop, I am not rushing the setup.

With that being said, I have highlighted a potential sell zone for entry...
whether the price goes there, remains to be seen, so we wait and monitor the trade.

2023年6月8日

交易進行

I am going to be away from my computer...however my entry bias is leaning towards my sell zone and as close to yesterday's high as possible.

TP should be below yesterday's low 14289.25...I am looking at price breaking 13934.7 but I will see if my psychology allows me to hold till then or if the market decides to go there.

In any event daily HL will come on after price breaks 14211.3 as long as the H4 does not make a LH and if it does the daily HL will come on after price breaks yesterday's LOW...

Happy Trading

God Bless

2023年6月8日

交易進行

Taking the sell due to the fact that all time frames are at their respective highs from the previous session.



Happy Trading

God Bless...I will update my TP shortly