US30 Fibonacci Trading And Price Action
Updated
Trade setup on my Fibonacci price clusters and support resistance points.
I see on the weekly time frame it is still buying and the price has only recovered when the economic news comes out.
My inclination is still to buy.
On DXY I still see more people wanting to buy than to sell, based on the analysis of Fibonacci price clusters and support and resistance. I predict in the next two weeks DXY is likely to continue to increase as CPI and PPI news is released in the US along with UK GDP.
Let's see how the price will run.
I will try to provide DXY setup as soon as possible for you guys to have an overview for Scalping , Day Traing and Swing trading.
I see on the weekly time frame it is still buying and the price has only recovered when the economic news comes out.
My inclination is still to buy.
On DXY I still see more people wanting to buy than to sell, based on the analysis of Fibonacci price clusters and support and resistance. I predict in the next two weeks DXY is likely to continue to increase as CPI and PPI news is released in the US along with UK GDP.
Let's see how the price will run.
I will try to provide DXY setup as soon as possible for you guys to have an overview for Scalping , Day Traing and Swing trading.
Note
US30 is currently at a fairly high price compared to the entry point I set up, I recommend that you do not trade US30 at this time.Don't see the high price but jump in to sell short, the buying power is still quite large, many buy orders are still very much below, I am waiting for a profit taking action from these long traders so I can find a better setup .
It is recommended that you do not trade with US30, If you have excess money, it is up to you.
Note
The price is still in the area where the Fibonacci price clusters and support-resistance are established. The price has not yet made a new high and low, so it is still in this setup and the sensitive important support and resistance levels have not been removed, so you can see at the Fibonacci Price Cluster milestones the price always reacts. This results in more trading success and less pre-determined risk.Note
Price runs pretty well in trading setup, right? I see the sensitivity levels stay the same in the setup I provided.
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