Dow Jones US30
Short Opportunity, Bearish momentum, Reversal sign on big picture (weekly and daily TF)
I follow Supply and demand analysis, the level where I'm selling is a supply level showing an imbalance between buyers and seller, it is a drop, base and another drop. the base is my level meaning there was a battle between buyers and sellers filling orders and finally seller won that why the price dropped, meaning an amount of unfilled sell orders might be on this price which means if price rallies back to this level, it is likely to be rejected and continue the drop.
I risk 2% of my trading account balance, and my average profit loss rato on total trades is 50%. this trade has a reward to risk 5:1 which means if it works, my profit will be 10% considering my risk is 2%.
Good luck
I follow Supply and demand analysis, the level where I'm selling is a supply level showing an imbalance between buyers and seller, it is a drop, base and another drop. the base is my level meaning there was a battle between buyers and sellers filling orders and finally seller won that why the price dropped, meaning an amount of unfilled sell orders might be on this price which means if price rallies back to this level, it is likely to be rejected and continue the drop.
I risk 2% of my trading account balance, and my average profit loss rato on total trades is 50%. this trade has a reward to risk 5:1 which means if it works, my profit will be 10% considering my risk is 2%.
Good luck
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