Templates for the week ahead:
NAS100:
Look for downside move and testing of the psych level and potential area of retest for further shorting.
UC:
Aggressive traders can take a long opportunity if they wish (following second path below the main path). If you do decide to take that trade, move your SL to breakeven as soon as price moves in your direction to have a risk free entry.
UJ:
Aggressive traders can take bottom path. As always get confirmation. As usual, move your SL once your trade is 2:1 and let the rest run risk free. Conservative traders look at first path for entry.
AU:
Look for a potential retest of highlighted area, in confluence with fib zone drawn. We want a clear rejection if price does retest this area before shorting. Keep watching carefully.
NAS100:
Look for downside move and testing of the psych level and potential area of retest for further shorting.
UC:
Aggressive traders can take a long opportunity if they wish (following second path below the main path). If you do decide to take that trade, move your SL to breakeven as soon as price moves in your direction to have a risk free entry.
UJ:
Aggressive traders can take bottom path. As always get confirmation. As usual, move your SL once your trade is 2:1 and let the rest run risk free. Conservative traders look at first path for entry.
AU:
Look for a potential retest of highlighted area, in confluence with fib zone drawn. We want a clear rejection if price does retest this area before shorting. Keep watching carefully.
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