Hello and good morning everyone!
What I am seeing here is a long opportunity on US100 aka USTEC. The short was missed by few points unfortunately yesterday. What I have noticed is that USTEC likes to be traded around engulfing supply and demand areas but it is mostly suitable for scalping, intraday traders. As a swing trader I will try my best to adapt. I am expecting long trade from here if price gives me good rejection from QM inside of the zone. Depending on candle close I will decide to take the position long or stay away. DXY is looking to go a bit lower and we have incoming news at 14:30. Let's see how the day plays out!
What I am seeing here is a long opportunity on US100 aka USTEC. The short was missed by few points unfortunately yesterday. What I have noticed is that USTEC likes to be traded around engulfing supply and demand areas but it is mostly suitable for scalping, intraday traders. As a swing trader I will try my best to adapt. I am expecting long trade from here if price gives me good rejection from QM inside of the zone. Depending on candle close I will decide to take the position long or stay away. DXY is looking to go a bit lower and we have incoming news at 14:30. Let's see how the day plays out!