Short
US30 - POTENTIAL SHORT ENTRY
US30 - Price is trading towards in a bullish direction upwards, towards a key resistance level (order block) for potential sells, retracement down to potentially, the next order block.
Impulse Short entries can be taken once price retest the resistance region.
The U.S. Dollar Index (DXY) recovered some of its Friday's losses after the Producer Price Index (PPI) report and Michigan consumer sentiment data came out better than expected. With the US CPI data coming ahead today, US30 has been on an incline upwards by around 600 points, ahead of CPI and FOMC. With it's projection to the upside, we are potentially looking at sell entries the moment it rejects off the key order block.
We had our sell limits set up with potential downside in the R:R ratio of 1:5.
SL can be placed just above the recent high and TP can be placed just before the key order block to be safe.
Impulse Short entries can be taken once price retest the resistance region.
The U.S. Dollar Index (DXY) recovered some of its Friday's losses after the Producer Price Index (PPI) report and Michigan consumer sentiment data came out better than expected. With the US CPI data coming ahead today, US30 has been on an incline upwards by around 600 points, ahead of CPI and FOMC. With it's projection to the upside, we are potentially looking at sell entries the moment it rejects off the key order block.
We had our sell limits set up with potential downside in the R:R ratio of 1:5.
SL can be placed just above the recent high and TP can be placed just before the key order block to be safe.
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