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Us30analysis

US30 Analysis & Trade PlanUS30 is looking bullish today, After tomorrow's rally & the breakout of the trendline, at the current Market Price US30 can make a move down to retest the trendline & Support level. I'm looking at the 33480 - 33550 level to enter the long trade after the confirmation in lower timeframes. And my Last take profit will be around 33950. Bullish Signals: 1. 4hr Bullish trend continuation 2. Trendline Support 3. 33547 Support level 4. 0.5 & 0.382 Fib Support
ULong
by talhaiqbal678
US30 SHORTFinishing up this week we can see price is wanting to initiate downside liquidity. With the Cot Reports coming out Tuesday and release to the public on Friday evening leading to promising sells due to the Nasdaq investors and institutions have a heavier number in sells than buys. Not to much of a difference with the Bulls being 15,662 & 16,145 in sells. With the numbers being so close we can see a slight momentum to finish of the week but a new push going into Monday of next week.
UShort
by hollowbanks412
US30 LongThe price has been forming a falling channel for the past few weeks. The lowest low of the trend formed a double bottom , which is an indicator that the trend was to be a bullish move. The price is now at the top trendline of the channel. I anticipate that the price might continue with the bullish run, and I have 2 possible scenarios of the entry zone. The first is below the current price at around 32200 and the second, at the top of the current price at around 33000. My position will be at 32950, as I am using the pullback strategy to enter my positions hence it will be above the highest high formed. The other reason as to why I am trading bullish is the current client sentiment of this index is 75% short and 25% long, and we are all aware that the market markers tend to move in reversal of the crowds anticipation. (Look at the Daily Forex website for the clients sentiment data) My targets are 33500, 34050 and 34600 thus my target R:R is 1: 3. Remember, risk only 1-2% of your account!
OANDA:US30USDLong
by Vapari_Inc