Support at 15300 and then retest 15900?

We rejected 15900 level and had a massive sell off yesterday! We have a strong Buy zone around 15300 and I am expecting a bounce of that level and then retest 15900 level. Overall we have a strong bullish trend on daily timeframe and this looks like a healthy pull back. I would still like to see price in the green buy zone.

Entry : 15300-15350
Stop loss: 15200 (I would like to see a 2hr candle below this level)
First Target: 15600
Final Target: 15900

Please let me know your thoughts. Happy trading!

Anulowano zlecenie:

We did not retrace to 15300 level so this trade was not executed. I would revisit this trade only when we see 15500 again.

Zlecenie aktywne:

Looks like we got our fill to enter long on US100.
The current price action is still bearish so we might get stopped out but if it holds this level then it would be a good entry to go long

Transakcja zakończona: osiągnięto poziom stop:

We got a 2HR candle close below 15200. Higher time frame still looks bullish but lower timeframe is currently bearish. I would plan to reenter this trade if we see a bullish setup on the lower time frame

Zlecenie aktywne:

Looks like a good reentry point.

I would enter here with Stop loss as 14900