Important area we are currently at.. With my previous posts on US30, I mentioned that we had to retest the area 39040 for bearish sentiment to be valid according to price action. This has now occurred and is the area where the market is currently floating.. I am bearish on this but looking at the daily structure we are still bullish while lower timeframes indicates otherwise. So, the market can start the bearish run from where it is right now or simply just continue with its bullish momentum. Trade safe this week as it is NFP week. Patience and risk management!
Trade closed: target reached:
First sell side target 38760 reached successfully. Will we see further moves down as the week progresses?