We have expected the price hit 26670 because 26670 was strong resistance in May
We took +1700 pips in this week by the strategy and too I set a selling at 26670 in 30 AUG when now is the time
You can divide your lots in two trades for testing the trade
We can took another good profit in the continue
Have good trade
Looks like a double top forming before the open of the US session. If we see the sell off, then that could be the signal, could wait for the break of the neckline for more confirmation.
Since morning spike was news related, we could see the market correcting back to the lows if US traders do not see the long term impact from it for the markets.
Either way great...
While initially the sell off yesterday happened with nice a nice technical setup, today we have positive news from Hong Kong that the anti-extradition bill is withdrawn and protests may end soon. Markets rallied quickly, now the Dow is testing highs and slowed down a bit as it reaches overbought level on 1 hour chart. For now observing to see how positive will the...
Despite Trump's attempts last Wednesday to calm the markets and say that China is ready to make a deal (China said that conversation never happened), markets failed to close above the resistance level and 61.8% Fibonacci. Now as outlook for economy remains bleak, US tariffs kicked in yesterday and China retaliated, probability of a sell off happening remains...
After a pullback yesterday, Dow finally breaks higher. Now to retest a strong resistance area around 26400. Potential to look for shorts again. Need more confirmation for the upside break though. Good Luck!
Price is showing potential to continue moving bearish and is currently in a potential sideways correction. Take profit and stop loss levels are marked.
Educational tip: Every trade you take is nothing more than educated 'guess' with a 50% win probability . Your job as a trader is to make sure you are educated fundamentally, technically and psychologically to the...
The price has approached an important level and is now in the zone of imbalance. I assume that this is the end of the correction, because-there was a reversal level for sale on H4 and the price is now testing the first impulse level; at the last trading session there was a strong correction in the value of the us dollar, so the index made a counter-correlation. I...
Been keeping a very close eye on US30. Currently respecting trend line, however strong resistance and pressure is being presented where I have a text at.
Recession on the way? I do believe so, around October-December in my opinion. That's the lovely thing about trading you can be successful weather things are going up or down. Stay prepared, think like the ultra...
The price has no power to breaking up the old uptrend line (blue) and the resistance 26307. If that happened, the price would move up to 26690.
Have good trade
