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NQ one hour up channel by JoshuaMartinez on TradingView.com
The NQ one hour time frame is in an up channel . The market is making higher highs and higher lows. There are two areas where a good buying trade could be found. A counter trendline breakbullish near the bottom of the channel or a counter trend line breakbullish above the channel.
Entry: Counter trend line breakbullish near the bottom of the channel or above the channel.
STOP: In the sell zone.
LIMIT: If entry is the bottom of the channel. The limit should be right before the top of the channel.
If entry is above the channel. The limit can be the next one hour Fibonacci extension or monthly up Fibonacci price point 16072.25
As long as the market stays above the bottom of the channel. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long opportunities.
Traders Agency > Trading Ideas > Nasdaq One Hour up Channel – Aug 9th
Nasdaq One Hour up Channel – Aug 9th
NASDAQ 100 E-mini Futures
The NQ one hour time frame is in an up channel . The market is making higher highs and higher lows. There are two areas where a good buying trade could be found. A counter trendline break bullish near the bottom of the channel or a counter trend line break bullish above the channel.
Entry: Counter trend line break bullish near the bottom of the channel or above the channel.
STOP: In the sell zone.
LIMIT: If entry is the bottom of the channel. The limit should be right before the top of the channel.
If entry is above the channel. The limit can be the next one hour Fibonacci extension or monthly up Fibonacci price point 16072.25
As long as the market stays above the bottom of the channel. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long opportunities.
Join Master Trader Josh Martinez as he reveals a revolutionary new “Golden Cross” trading strategy that’s working like crazy in this volatile market...