US Nas 100Short
NASDAQ - Head and Shoulders 60min chart.
DAY TRADE - EXPIRES AT 9PM UK
Trade Idea
Broken out of the Head and Shoulders formation to the downside.
There is scope for mild buying at the open but gains should be limited.
We look for a re-test of the upward trending resistance.
Bespoke resistance is located at 7985.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7985, resulting in improved risk/reward.
We look to Sell at 7895
Stop: 7895
Target 1: 7800
Target 2: 7750
Trade Idea
Broken out of the Head and Shoulders formation to the downside.
There is scope for mild buying at the open but gains should be limited.
We look for a re-test of the upward trending resistance.
Bespoke resistance is located at 7985.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7985, resulting in improved risk/reward.
We look to Sell at 7895
Stop: 7895
Target 1: 7800
Target 2: 7750
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