Short trade setup on US30 , Analysis using Price action.
Updated
Short trade setup building on US30 Analysis using Price action:
On chart we can see multiple descending wedges on 30m,15m. price broken Trendline of 180m wedge, the price is breaking below the Higher timeframe Channels. The overall bias is bearish as well.
Risk to Reward is 1:1
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Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or a market analysis is expressly excluded by Badshah.E.Alam . All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
On chart we can see multiple descending wedges on 30m,15m. price broken Trendline of 180m wedge, the price is breaking below the Higher timeframe Channels. The overall bias is bearish as well.
Risk to Reward is 1:1
RISK DISCLAIMER
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or a market analysis is expressly excluded by Badshah.E.Alam . All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Trade closed: target reached
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