Looking at US30, I am looking forward to a continuation of the bullish higher timeframe trend. We had a pull back to the OTE trade zone (50-61.8% fib levels), price rallied with relatively low volume which is a good sign in my trading strategy to go long. We broke a known resistance area and closed above it, now we're facing a psychological area where price failed to trade above for 15 Days, I will publish another signal to my trading partners if where break that area.
An unlikely move is the red curved arrow (bearish), we closed the week in profit and the trade is currently at breakeven as we reached our first profit level, so if we see a reversal and break of market structure (BMS on the chart), we will consider going short but for now we remain bull biased.
1 Hour View
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Happy Trading
APFX
An unlikely move is the red curved arrow (bearish), we closed the week in profit and the trade is currently at breakeven as we reached our first profit level, so if we see a reversal and break of market structure (BMS on the chart), we will consider going short but for now we remain bull biased.
1 Hour View
Do me a solid, follow me. Like the ideas and interact with my through the comments.
Happy Trading
APFX
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.