NSQ made a strong break out of 16300 lvl with nice volume candle. We have strong supply out of this move.
Its in a conslodation and forming a nice little flag.
We also have a gap. Most likely it gonna fill that gap.
4h breakout+consolidation+gap
This is a nice 6:1.
This is high quality trade.
You can enter after it break out of this consoliation or you can get in with another setup on 1h--> maybe a candlestick pattern.
Entry: 16200-16230
Targets:
1) 15900
2) 15550
SL: 4h close above 16300
Its in a conslodation and forming a nice little flag.
We also have a gap. Most likely it gonna fill that gap.
4h breakout+consolidation+gap
This is a nice 6:1.
This is high quality trade.
You can enter after it break out of this consoliation or you can get in with another setup on 1h--> maybe a candlestick pattern.
Entry: 16200-16230
Targets:
1) 15900
2) 15550
SL: 4h close above 16300