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dreadhead4_life
Apr 4, 2022 12:44 AM

US30 1H TF Analysis 4-3-22 

US 30Currency.com

Description

US30 has been trending bullish all month last month and the candle closed with a retracement. There is a possibility that price may range since this is the first week of the month, but there are some scalp opportunities. Considering current market conditions, a low has been formed on the 1 hour timeframe and price failed to break above resistance and formed a lower high which tells me that price can continue bearish to retest the low and possibly create a lower low. Waiting for volume to enter the market to take the sell. If price fails to break below and create a lower low, then we can anticipate for price to range until a catalyst occurs to bring in enough volume to either break below or above. Patience is key. Wait for your setup and trade during a time with volume (NYSE open)
Comments
AxiomEx
Nice Dread
TradePlus-Fx
Nice idea!
euginiofrolick2021
great analysis
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