US30 is now retesting the STRONG support zone it broke. This zone was formed over the past few days, so I am expecting a rejection.
Look to enter a BREAKOUT SHORT below the current 1HR candle.
Again, DO NOT FOMO into a position now. Allow the price to reject before jumping in.
Remember, aim to make good trades, protect your profits and then think about making a gain after that.
Look to enter a BREAKOUT SHORT below the current 1HR candle.
Again, DO NOT FOMO into a position now. Allow the price to reject before jumping in.
Remember, aim to make good trades, protect your profits and then think about making a gain after that.
Note
Make sure to exercise extra caution today as it is Jackson hole today.Trade closed: stop reached
Stopped out.Note
Powell gave a dovish outlook for the dollar, hence why stocks are seeing some momentum upwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.