You know the saying, history repeats itself. Well in the financial markets that saying couldn't be any more true. So lets get to it...
US30USD has reached previous all time high (269010) almost mirroring exactly to the last decimal. Last time price reached the (26910) area price fell for the next couple of months. I am expecting the same price drop as before but this time I am targeting the low (22000) a major monthly support zone.
Im targeting the low (22000) for now. With that is mind there could be a possible break of (22000) to go even further down to (21000) weekly or (20000) monthly support key levels. Always keep in mind the market will surprise you when you least expected.
So the possibility of price breaching (27000) and touching (28000) is still there. If we take a look at the charts further down in the timrframes we can see the strong rejection of resistance . This is an indication which mean our next weekly candle could be bearish confirming that (27000) is a strong level and price is yet rejected again. If this weekly resistance hold we are expecting big move downwards.
US30USD has reached previous all time high (269010) almost mirroring exactly to the last decimal. Last time price reached the (26910) area price fell for the next couple of months. I am expecting the same price drop as before but this time I am targeting the low (22000) a major monthly support zone.
Im targeting the low (22000) for now. With that is mind there could be a possible break of (22000) to go even further down to (21000) weekly or (20000) monthly support key levels. Always keep in mind the market will surprise you when you least expected.
So the possibility of price breaching (27000) and touching (28000) is still there. If we take a look at the charts further down in the timrframes we can see the strong rejection of resistance . This is an indication which mean our next weekly candle could be bearish confirming that (27000) is a strong level and price is yet rejected again. If this weekly resistance hold we are expecting big move downwards.
