US30 Hourly Pulls Back to Support
The US30, FXCM’s DJI CFD, is in the bullish area on the daily chart on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level, and maintenance of that level, increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Please note if holding overnight, rollover charges may apply [or if using a FXCM AU account these may be waived].
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