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Priceactiontrading

US30 pressure continues. Could the short-term run be over? Hello to all our subscribers and the TradingView community. Thanks for stopping by and watching our latest market update. Today we have broken down the US30 on an overall longer-term view and the current short-term view. Overall the trend remains down, and we are watching to see if the short term can complete the current pattern of trend and maintain a normal trend with a new LL. Sellers are in control on the short term but they have a bit to do to confirm that. On the short-term, sellers continue to hold sway with a break of yesterday’s low in today’s out-of-hours session. We’re seeing two keys moving forward. 1, sellers break 30,500 demand and set off back to 29,683 low. If demand holds and we see a new move above 31,500 resistance, we will jump off the seller train and look at the possibility that the uptrend from the 20th of June has further to run. Good trading and we hope you enjoy the rest of your day.
EIGHTCAP:US30Short
by Eightcap
EURJPY: Potential Bullish Continuation Explained 🇪🇺🇯🇵 EURJPY is accumulating around 143.85 - 144.25 horizontal resistance. The price has already set 3 equal highs respecting that. Taking into consideration that the pair is trading in a strong bullish trend, I believe that we will see a breakout attempt soon. Wait for a breakout of the underlined yellow zone, daily candle close above that will confirm a breakout. A bullish continuation to 147.0 level will be expected then. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURNZD: Potential Long Trade Explained 🇪🇺🇳🇿 EURNZD is trading in a strong bullish trend from the beginning of April. Higher lows are perfectly respecting a rising trend line on a daily. After setting a new high, the price retraced to a trend line again. Pay close attention to a horizontal trading range on 4H. Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement. You need a 4H candle close above to confirm a breakout. Target will be 1.6817. If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
12
GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵 One more instrument that we covered on a today's live stream is GBPJPY. The market nicely retraced to a solid horizontal support. On that, the price formed a double bottom formation. Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation. You need an hourly candle close above that to confirm a breakout. Then a bullish continuation will be expected to 164.16 / 165.053 levels. If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
17