Weekly Plan $NQ Futures 4.14.2024
- 04/14/2024
- Posted by: structure2trade.com
- Category: Weekly Plans
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Trade Plan NQ Futures: week starting April 14th, 2024
Based on the provided levels for the NQH2024 futures contract, here’s a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 18284 Current Price: 18172
Upside Targets:
- First Target: 18406
- Second Target: 18566
- Third Target: 18718
Downside Targets:
- First Target: 18063
- Second Target: 17934
- Third Target: 17734
Trade Plan:
- Long Trades: Look for buying opportunities if the price remains above the weekly pivot (18284).
- Entry: Consider entering long positions on pullbacks towards the pivot (18284) or if the price breaks above the current price (18172).
- Targets: Target the upside levels of 18406, 18566, and potentially 18718.
- Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week.
- Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18284) or the current price (18172).
- Entry: Enter short positions on breakdowns below the pivot (18284) or the current price (18172).
- Targets: Aim for downside targets of 18063, 17934, and potentially 17734.
- Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week.
Risk Management:
- Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels.
- Consider using trailing stops to lock in profits as the price moves in your favor.
- Monitor the market closely for any changes in price action or news events that could affect the trade.
Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
Weekly Plan NQ Futures 4/14/2024 by dhjesus on TradingView.com | Check out previous week plan here