Some key levels in play on the higher timeframes on NASDAQ this week.
Expecting a drop off here even with the bearish dollar. Obviously any daily close above the resistance and we begin climbing towards 15k. Just be aware come Thursday, Friday we may drop back below the key level and it be a wick fakeout on the weekly.
But I like this short trade for a few reasons, mainly being the need to retest the monthly level and the 61.8% and the need to drop in price to grab some liquidity. But we need to break the range first.
Expecting a drop off here even with the bearish dollar. Obviously any daily close above the resistance and we begin climbing towards 15k. Just be aware come Thursday, Friday we may drop back below the key level and it be a wick fakeout on the weekly.
But I like this short trade for a few reasons, mainly being the need to retest the monthly level and the 61.8% and the need to drop in price to grab some liquidity. But we need to break the range first.