NAS100USD: Sell with Focus on Daily FVG!

2024年9月16日

Greetings, Traders!

Brief Description🖊️:
Currently, NAS100USD has switched to a bearish institutional structure. After retracing into a Balanced Price Range (BPR), price is respecting this zone, signaling a potential continuation toward the downside. The BPR reflects an area where price was delivered at fair value, balancing both buy and sell sides. I am closely watching for confirmation entries on lower timeframes to ride this bearish momentum toward my targets, which align with the Daily Fair Value Gap (FVG) and H1 sell stops.

Things I Have Seen👀:

• Bearish Momentum📉: Price is trading within a BPR, suggesting a continuation towards the downside after retracing into this zone.
  
• Balanced Price Range Resistance🟥: The BPR is expected to act as a resistance level, guiding price lower.
  

Bearish Targets🎯:

• Sell-Side Liquidity: Targeting sell stops on the H1 timeframe.
  
• Daily FVG: Expecting a draw toward the Fair Value Gap, where inefficiencies in price delivery exist.
  

What's Important Now❗
Monitor price action during the New York afternoon session for volatility and look for sell confirmations on lower timeframes to align with the overall bearish bias.

Happy Trading,
The_Architect

2024年9月16日

註釋

Alternative Entry Point
-If the BPR does not provide a confirmation entry, I will be waiting for price to reach the H1 Bearish Order Block, where I will look for a confirmation entry towards the downside.

Refer:

Regards,
The_Architect