US30 POTENTIAL SELL
Updated
Trade Idea: US30 Sell Position
Time Frame: 1 Hour Chart
Market: US30 (Dow Jones Industrial Average)
Trade Type: Sell
Bearish price action observed during the London session indicates potential for further downside movement. The price is anticipated to tap into the level at 42,079, presenting an optimal entry point for a sell.
Entry Point:
- Sell Limit: 42,079
Target Levels:
- Primary Target: 25-60 pips (around 42,055 - 42,031)
- Extended Target: 75-100 pips (around 42,003 - 41,977)
Stop Loss:
- Placement: Approximately 60 pips above entry (around 42,139). This will be a flexible stop loss, allowing for market fluctuations.
Risk Management:
- Ensure that position size aligns with your overall risk tolerance. Monitor the trade closely, especially near key support and resistance levels.
Additional Notes:
- Keep an eye on market news and economic releases that may impact volatility.
- Adjust targets and stop loss as necessary based on real-time price action.
Disclaimer: This is a trading idea and should not be considered financial advice. Always conduct your own analysis and trade responsibly.
Time Frame: 1 Hour Chart
Market: US30 (Dow Jones Industrial Average)
Trade Type: Sell
Bearish price action observed during the London session indicates potential for further downside movement. The price is anticipated to tap into the level at 42,079, presenting an optimal entry point for a sell.
Entry Point:
- Sell Limit: 42,079
Target Levels:
- Primary Target: 25-60 pips (around 42,055 - 42,031)
- Extended Target: 75-100 pips (around 42,003 - 41,977)
Stop Loss:
- Placement: Approximately 60 pips above entry (around 42,139). This will be a flexible stop loss, allowing for market fluctuations.
Risk Management:
- Ensure that position size aligns with your overall risk tolerance. Monitor the trade closely, especially near key support and resistance levels.
Additional Notes:
- Keep an eye on market news and economic releases that may impact volatility.
- Adjust targets and stop loss as necessary based on real-time price action.
Disclaimer: This is a trading idea and should not be considered financial advice. Always conduct your own analysis and trade responsibly.
Trade closed: target reached
Target 1 has officially been reached, took partials. However, price reversed and broke even for the rest of my position. Will consider a re-entry if bearish pressure becomes more dominant.Trade closed: target reached
Target 2 has officially been reached; profits have been booked for over 100 pips total after multiple entries from sell level.
Disclaimer
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