US Nas 100Short
NAS100USD: Bearish Setup Targeting Weekly FVG!
Greetings Traders!
Brief Description🖊️:
Currently, on NAS100USD, I am anticipating a potential bearish draw in price action. The M15 chart has shown the beginning of a bearish decline, and it’s crucial to follow the market's trend until signs of reversal appear. One key confluence is the respect of an H4 bearish order block, establishing a firm resistance zone.
Things I Have Seenđź‘€:
Bearish Targets🎯:
Weekly FVG (19,760.8): This is the primary target for the bearish continuation.
What's Important Nowâť—
Monitor price action around the M15 FVG and bearish order block for confirmation before entering. Ensure to conduct your own analysis to validate this outlook.
Best Regards,
The_Architect
Brief Description🖊️:
Currently, on NAS100USD, I am anticipating a potential bearish draw in price action. The M15 chart has shown the beginning of a bearish decline, and it’s crucial to follow the market's trend until signs of reversal appear. One key confluence is the respect of an H4 bearish order block, establishing a firm resistance zone.
Things I Have Seenđź‘€:
- H4 Bearish Order Block Resistance🟥: Price is respecting this zone, confirming it as strong resistance.
- M15 Buy Stops Clearedâś…: Price cleared M15 buy stops above the resistance before reversing, indicating smart money engineered liquidity before driving price lower.
- M15 FVG & Bearish Order Block: These are the zones where I will be waiting for confirmation entries.
Bearish Targets🎯:
Weekly FVG (19,760.8): This is the primary target for the bearish continuation.
What's Important Nowâť—
Monitor price action around the M15 FVG and bearish order block for confirmation before entering. Ensure to conduct your own analysis to validate this outlook.
Best Regards,
The_Architect
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