NAS100 Daily In Bullish Area, Hourly Stochastic Still to Comply

NAS100 Daily In Bullish Area, Hourly Stochastic Still to Comply for FX:NAS100 by FXCM

NAS100 Daily In Bullish Area, Hourly Stochastic Still to Comply



NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs on right are in a bullish formation; now looking to see if stochastic crosses, potentially aligning short-term traders with the daily. If a signal occurs, movement of stochastic to 80 level and maintenance of that level increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly low in conjunction with risk management techniques.

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