alfxcapital

NASDAQ Sell Opportunity

Short
alfxcapital Updated   
A lot of liquidity is currently sitting on the daily chart around 10600. Looking for that liquidity to get swept.

My optimal trade entry is going to be at the fair value gap around 11400.

Price may decide to sell at the 11100 order block. But it's not in a deep enough discount to fit my trading rules.
Trade active:
Sell Zone is about to trigger. Will add a partial here and scale in the rest around 11450
Comment:
Price is selling off well at the moment. Closed some of my position to mitigate my drawdown on S&P. But otherwise, setup still looks valid.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.