Testing TS1 and going long on the NAS100 for the following reasons:
Bullish Indications:
1- Market is in range, as strong Support at 10683 (unbreakable support since may 2020 and tested again on sept 2022)
2- Buyers Pressure, and 1st green candle formed after 2 red candles on 15m
3- resistance is expected to be in range of 10776 - 10779
4- Divergence can be seen on RSI
5- Double bottom can be considered and if price breaks the neck line at 10766 then the next resistance (TP4) can be at 10880
Bearish Indications:
1- is strong support at 10681 broken and price reached to 10600 then this can become strong Resistance.
Entry: 10687
SL: 10656
Risk 1%
Lots: 0.3
Plan A:
Long
Entry: 10687
SL:10656
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Short
entry : 10600
SL: 10650
TP1: RRR1
TP2: RRR2
TP3: RRR3
Bullish Indications:
1- Market is in range, as strong Support at 10683 (unbreakable support since may 2020 and tested again on sept 2022)
2- Buyers Pressure, and 1st green candle formed after 2 red candles on 15m
3- resistance is expected to be in range of 10776 - 10779
4- Divergence can be seen on RSI
5- Double bottom can be considered and if price breaks the neck line at 10766 then the next resistance (TP4) can be at 10880
Bearish Indications:
1- is strong support at 10681 broken and price reached to 10600 then this can become strong Resistance.
Entry: 10687
SL: 10656
Risk 1%
Lots: 0.3
Plan A:
Long
Entry: 10687
SL:10656
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Short
entry : 10600
SL: 10650
TP1: RRR1
TP2: RRR2
TP3: RRR3