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ryanweier
May 11, 2022 12:21 PM

US30 - PRE NY SESSION ANALYSIS - 05112022 Short

US Wall St 30OANDA

Description

US30 - PRE NY SESSION ANALYSIS - 05112022

Price has pushed back up to approximately 32450 level over last few hours.

Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high.

I am targeting 32000, a level which was touched yesterday.

If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700

See you after NY session today!

Happy Hunting!
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