US30 POTENTIAL SELL
Updated
Trade Idea: Sell on US30 15M CHART
Analysis:
I anticipate a decline in the US30 index within the next two hours. I plan to place sell stops around the 42,162 level. My priority targets are set for a 25-50 pip move, aiming for exits between 42,137 and 42,111 as we have lots of bullish imbalances within and below these levels. For an extended target, I’m eyeing the 42,060 level, which aligns with expectations of heavy divergence bearish pressure.
Risk Management:
Although I won't use a hard stop loss, I recommend a mental stop loss above 42,220, considering the liquidity above this level. This allows for some market breathing room while still managing risk effectively.
Keep an eye on market developments and adjust as necessary.
Not investment advice. Please protect your capital.
Analysis:
I anticipate a decline in the US30 index within the next two hours. I plan to place sell stops around the 42,162 level. My priority targets are set for a 25-50 pip move, aiming for exits between 42,137 and 42,111 as we have lots of bullish imbalances within and below these levels. For an extended target, I’m eyeing the 42,060 level, which aligns with expectations of heavy divergence bearish pressure.
Risk Management:
Although I won't use a hard stop loss, I recommend a mental stop loss above 42,220, considering the liquidity above this level. This allows for some market breathing room while still managing risk effectively.
Keep an eye on market developments and adjust as necessary.
Not investment advice. Please protect your capital.
Trade closed: target reached
Target 2 has hit and extended for over 80 pips. My profits have been booked for today;)
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