FX:US30   Index of top 30 shares on Wall Street
53 0 2
a year ago
Anticipating further downside pressure as DOW struggles @ 17,523-08 resistance zone, a close above this zone invalidates the set-up.

Weary of the DTL break @17,489 could indicate bullish momentum . As a result I'm risking 1% with a tight stop.

Target 1 - 17,453
Target 2 - 17,166

Daily chart is looking very bearish , Daily support has been broken and Daily Ma's have crossed to the downside. Expecting any bullishness to be lack luster, hence adding to my short bias.

Happy Trading,
Chartster
a year ago
Comment: It seems my concerns became a reality, the TL break was enough to move prices higher eventually. Closed trade 10 pips before SL; I knew it was risky hence the reduced risk.
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