NASDAQ on the 4h chart after yesterday's news creates and engulfing candle.
The price launches a spike over the resistance area to grab the liquidity and moved sharply lower.
The index has bounced over a minor support and is retracing to the upside on the asian session.
How can i approach this scenario?
I will wait for a potential break of the structure and if that will happen i will look for a nice short order according to the Plancrton's strategy rules
The price launches a spike over the resistance area to grab the liquidity and moved sharply lower.
The index has bounced over a minor support and is retracing to the upside on the asian session.
How can i approach this scenario?
I will wait for a potential break of the structure and if that will happen i will look for a nice short order according to the Plancrton's strategy rules