gfranklin10

gfranklin10

looking for a retracement for US30 on a fib level or possible bounce off of the trendline for a 3rd touch, the steeper the retrace the higher the probability for a strong push to the upside, it is to high for me to buy imo, once a correction occurs and lower timeframe reversal occurs i will be looking to add some positions for buy

gfranklin10

USDJPY has been on strong up trend especially focusing on Daily TF, looks like it is retracting a bit from strong bullish moves, H4 is kind of choppy but nevertheless looking for temporary shorts since trend line was broken and making Lower highs to grab some liquidity from Daily zone (red).

gfranklin10

US30 at this moment of time is on a down trend channel based on H4 TF, i am anticipating it will make a lower high to continue this down trend, it is currently at a lower low respecting the daily zone (red) and H4 trend line, no major news for today or tomorrow i will stand by for more sell opportunities

gfranklin10

im seeing shorts for US30 market currently under MA, creating a lower high and hitting resistance on H4 trend line with confluence on Daily zone (marked in red) can still retrace, will not enter until candle stick confirmation such as bearish engulfing/variation