Great trading week here at Mazuma Forex, closed about 12% for the week, and it turned out to be a very good week in Forex. Though looking at the Dow here, I'm starting to see this spicy setup form, price has been dropping hard here on Friday, likely because the liquidity needed to go up is being acquired here.
Looking for potential bullish PA to dictate when price action will start to go back up.
Chart Analysis
Price created new resistance, and dropped hard to previous broken R-Zone.
Waiting for some confirmation to enter the trade, such as some candle stick confirmations, or a break of a trendline.
I will continue to monitor price at these key levels, and ensure price action follows through.
Don’t hesitate to DM me if you have any questions or inquiries. Watch the chart and ensure using price action, or your strategy as well. Feel free to follow, and leave a like! If you have any recommendations please comment! This is just a set you in my own trading plan, please ensure you observe price action, and watch the price itself for your own strategy too :).
@obie23, I'm already in some buy's however this is my trading plan, this isn't a signal just an idea, but honestly I do think now could be a good time to buy, keep up to date with my Telegram Channel if you want signals, its t.me/MazumaForexPublic