Shorting NAS from strong resistance

2023年11月2日

Trading Instrument: NAS100 (NASDAQ 100 Index)
Trade Type: Short (Sell Limit)
Risk-Reward Ratio: 1:2.10

Trade Signal Details:

Entry Price: 14749.8 (Note: Make sure to account for any server value difference)
Take Profit 1: 14586.5
Take Profit 2: 14413.8
Stop Loss: 14909.8
Anchor Time: 4 Hour
Trading Time Frame: 1 Hour

Trade Strategy and Technical Analysis:

The trade strategy is based on a straightforward support and resistance play.
You're looking to short the NAS100 index from a strong daily rejection level, which implies a bearish bias.
The entry price of 14749.8 should be carefully executed to account for any server value difference.
Trade Management:

Entry: Place a sell limit order at 14749.8, ensuring you account for any server value difference.
Take Profit 1: Set the first take profit at 14586.5 to capture initial profits.
Take Profit 2: Place the second take profit at 14413.8 to secure additional gains.
Stop Loss: Set a stop-loss at 14909.8 to limit potential losses.
Risk Management:

Make sure your risk aligns with your overall risk tolerance, especially considering the 1:2.10 Risk-Reward Ratio.
Avoid over-leveraging and use an appropriate position size to manage risk effectively.
Monitoring and Adjustments:

Monitor the trade closely and be ready to make any necessary adjustments as the trade progresses.
Stay informed about any market news or events that could affect the NASDAQ 100 index.
Please keep in mind that trading involves risks, and you should conduct your own analysis and consider your individual risk tolerance before entering any trade.