FOMC and GDP numbers for Q2 loom large next week. With an interest rate hike, coupled with a higher than expected number for the GDP, a risk off environment will kick off, sending the USD pushing higher and the markets will begin a bear leg. * The US will be in a technical recession if those numbers come in higher than expected, as this would make it two...
My daily analysis on US 30 on H1 chart. The price is moving on a wedge at this moment. As today is the 4th of July in USA the market will be moving very slowly. I therefore see this moves, today.
first target 28662 second target 27662 at us30. have divergence at 2h chart, so 1st target must be reached even the previouse divergence (hidden) must push back the index to second target level.
us30 downside correction i will looking for sell area
in my idead, dow jones will go short untill next target price 2750, arround that price.
US30 - PRE NY SESSION ANALYSIS - 05032022 Definitely looking bearish still. Looking for a retrace in price with signs of exhaustion on the M5, M15, M30, or even H1 to get into a sell on the continuation of the downward momentum with a stop above previous structure. Happy Trading!
Overall bias coming into the first trading day of the month is still definitely bearish. I'm looking for price to retrace a bit before getting in on a sell order. Patiently waiting for signs of exhaustion/reversal near previous structure highs on the lower TFs along with confluence around the 38.2 fib level drawn out which falls in a supply/demand zone. Happy...
Interesting movements today. Price dropped from my entry of 33650 to about 32250 Did not reach my target of 33200 for a 1:4 risk to reward but I was trailing my stop along the way so I secured profits at 33400 when price started to retrace. Had it not been for trailing my stop I would have gotten stopped out as after price entered that zone in the 33200s it...
OANDA:US30USD US3O retested at 50% Fibonacci PRZ and had tested twice at that area and formed a bearish engulfing candle on the 4H and 1H timeframe. This confluence creates a confirmation for the continuation of the bearish trend.
Not too shabby :) Price moved exactly as I predicted, dropping down to 33200 before getting pushed back up. Then it bounced up and down between approximately 33600 and 33200 for the rest of the session. On the daily we closed weak so I expect price to push back up from it's current level around 33400 retesting the previous highs of the last couple days before...
Tendency: downtrend under 34620 But above 34730 will go upwards -------- TP1.: 34460 TP2.: 342350 TP3.: 34050 SL.: 34710 RISK 2%
US30 is bullish but we look for the bearish move as in intraday or swing trade. 34780-34850 is the good area for the seller to target the 33900 area. Risk to reward is good as well. This is just an idea, manage your risk, Market can go in opposite direction.
Here is my view for US30 on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DOW JONS #us30 for short target 35000 and 34300 s.t close 2candel above 36100
See liquidity to reverse in the bearish trend US30 is in. I look for entry in 1 & 5 min time frames. Keep your stop loss tight and enjoy!
Price has entered a point of interest! A bearish OB, and it looks like it may take a pullback.
Made a momentum and break the support Came back into previous low which is also at key level
Hello Traders! Check Related Idea for market context!! The market could be at the beginning of a bigger downtrend, which is quite possible but still too early to know. It's also possible that we are correcting for 1 more up to break the top and continue the uptrend that has consisted for over a year now, since March 24 2020. I will update my idea as the trade...