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Short and long scenario’s for NQ

Short and long scenario’s for NQ

This is the setups for both long and short scenarios. I’ve been trying to do this more and more so I don’t commit to a direction. I say let price come to me instead of say long or short. The more I do this the more I see the strengths for this strategy.

For this set up price has breaken down wedge , but not very strong so still I wait. If price break above what is resistance and retest then go long. Or buy on breakout for higher risk but higher reward trade. Same if price break below support and retest. Or you also can sell on breakdown for higher reward but again higher risk trade.

Remember taking position on retest is safer.
Taking position on breakout is riskier.
But higher risk= higher reward and safer= lower reward.

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