I am still short US30
Break of - 17300
Next target Daily support - 17146
The indices seem to be taking a hit from the sneak devaluation of the Chinese currency, however the technicals have been indicating further downside momentum for a while now. Dow is looking in very bad shape, along side the DAX which has opened lower and still dropping, some nice pips to be made on smaller TF pullbacks as price tumbles to resistance, I'm completely bearish at the moment longs will most likely get crushed in this kind of environment.
Happy Trading.
Chartster.
Break of - 17300
Next target Daily support - 17146
The indices seem to be taking a hit from the sneak devaluation of the Chinese currency, however the technicals have been indicating further downside momentum for a while now. Dow is looking in very bad shape, along side the DAX which has opened lower and still dropping, some nice pips to be made on smaller TF pullbacks as price tumbles to resistance, I'm completely bearish at the moment longs will most likely get crushed in this kind of environment.
Happy Trading.
Chartster.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.