Short

US30 Fibonacci Trading And Price Action

Updated

Set up a price cluster for a position that anyone wants to sell.
Remember that the trading volume is suitable for the account and always for the stop loss, you can keep the stop loss higher but don't let the stop loss too far.

Trade active

Entry

Note

Big investors are jumping in to buy in a frenzy and blow up prices. I don't think it's a good idea to set up a trade at the moment. If you have a trade enter with a small volume.

Trade active

I opened a sell order at 34246 and closed a sell order at 34217 according to the trade setup.
When you look at the big picture from when the market opens and closes on the chart and adds to the time where you live, you will see a lot of pretty cool things.

Note

Looking at the charts of currency pairs EUR/USD, USD/JPJ, USD/CHF I notice one thing I must tell you that the USD is really weakening, And happening on the charts The day is very clear.
Set up this trade, I will close it as soon as possible, because it is not a trend trade, swimming with the current will give a higher survival rate of traders in trades than going against it.
I will close the order as soon as possible, there is no need to throw money out of the window just because sometimes personal impatience.

Trade closed manually

Close.

Note

On the H4 time frame, the USD/JPY and USD/CHF currency pairs appear to be buying points, marking a possible reversal for these currency pairs.
I advise if you do not follow the market I mentioned above you should not trade with those currency pairs. There could very well be a major reversal in economic news during the US open.
On these currency pairs I also only dare to trade on the short frame, By the push method of Mr. Alexander Elder and the Fibonacci price cluster setups.

Note

During the following hour period, if you do not have a trade setup for any type of product, I recommend that you do not make a trade, or trade very small volume and always keep a stop loss.
CPI will disturb the market for the next hour or so, don't go out fishing when you know a storm is coming.

Note

There is a buy signal for USD/CAD on the H4 frame, I will set up a price cluster to get an entry point for this currency pair.
I will set on M1 frame, since the starting point is already there, now just an advantage with the entry point

Note

The currency pairs are currently overbought and oversold. I advise you not to trade currencies this week. I will wait until next week to set up the offers for you.

Note

There is taking profit and many traders open short positions above US30. Currently if following Alexander elder's push method I have entered a short position with moderate volume and it is profitable, but I will cut it soon as this is not a big time frame trading strategy but only for short frames.

Note

Don't jump into short selling US30. The buying force and the buying contracts are still very much.

Persephone_AM

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