NAS Possible Senario 4H after todays impulse move due to CPI announcement.If the high is taken out we will be looking to go long.If it fails to take out the high we will go short.
This is my prediction for Nasdaq today. The market is very bullish so we will be going against the trend on this trade anticipating a pull back to complete the structure leg before we continue up. I took a sniper entry @13353 and I am risking 7pips with a risk to reward of 1:28 Lets see how it plays out.
Lets see how this one plays out. R:R on this trade is high. However time period for this trade is not ideally as volume is low during this period of time.
Hope everyone caught this move on UJ today. Perfect respect of technical. Its clear how the bank orders come into play and can be used in your technical's for confluence
Its clear from the bank orders that market direction can be determined based on this.
NAS 100 4H Chart. Analysis of downward trend. Market is at all time low not seen since since November 2022.
Crossing of the monthly low on the 4H.Shows break of major structure