FX:US30   Dow Jones Industrial Average Index
Trade active: A pull back is expected to Retest the 26646.83 Support level and go Long till 27182.39 if it breaks the 26903.75 Resistance level. Possible false breakout may occur because of news events so be careful there.

I'm going to be holding a Long Position up till 27433.29 and 27578.66 believing market will push and break the 27182.39 major Resistance level. We may also see a possible strong pull back to the 26366.71 area for a Support level retest so I have just one position open and a pending Buy Limit order just in case this pull back happens and see if the 26720.44 level holds but I really doubt we will see that major pull back happen here.

My entries are 26959.43 , 26684.55 , 27058.38 and a pending Buy Stop order at 26464.65 in case the market takes a dip to our major Support area..

Anyways, US30 could be very shifty so I advice you always use Proper Risk Management and Analysis, this is only my personal thoughts on what I think the US30 market will do and I'm only sharing for educational purposes as I believe every trade is a learning opportunity. We are close to the end of the trading week so be careful and secure all position in profit before the market closes. It may end as a weekly swing trade, Good luck.


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