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Us30analysis

US30USD LongHello guys. The 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 33000, 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 33800, 34600 and 35400 thus my target R:R is 1: 3. Remember, risk only 1-2% of your account!
OANDA:US30USDLong
by Vapari_Inc
MYM Showing Signs of Bull Trap | Market Structure"Show me the weekly charts and I'll show you the news" For MYM/ Dow Jones we have a clear market structure being formed with lower highs and lower lows with a distinct trend line. There is still bearish news with inflation until December at least for the feds, the market is showing signs that we are preparing to go short for the next month or so. If we close Friday with a wick on the weekly, prepare to enjoy some nice trends that shall sink like the Titanic over the next few weeks.
CBOT_MINI:MYM1!Short
by EarnWithTodd
US30 28/10/2022The price currently moving in an uptrend channel while its also facing support at 31851 & resistance at 32125. Now a breakout of the support could mean a breakout of the uptrend channel. so if price continue to respect the resistance & closes below the support on a 30m TF atleast, then it could continue pushing down to the next support zone at 31612. Similarly if price respects the support & closes above the resistance then it could continue pushing up to the previous high at 32307.
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by mightybullcapital
US30 (High Probability SELL Setup Soon)Here we can see clearly the next move for US30, * Prices have continued the bullish move higher & resulted in 3 consecutive positive days. * This has resulted in signals for sentiment being at overbought extremes & we look for a move to the downside. * A lower correction is expected. * A break of 31690 bis needed to confirm follow through negative momentum. * We got our EP (blue line) & our TP's (golden lines). * Keep a close eye on US30 today, * Happy pip hunting traders
FX:US30Short
by FX-PIPHUNTER
4
US30 (HIGH PROBABILITY SELL SETUP SOON) Here is a new update from our previous post on (US30 High Probability Sell Setup) on Friday Oct 20 / 2022, which didn't take place on that day or yesterday as investors this week remain laser focused on earnings from the biggest technology companies for further clues into the health of the U.S. economy, with the CB Consumer Confidence Index is released today at 3:00 pm (+01:00,BST), while the Dow Jones Industrial Average (US30) is struggling for a certain direction since yesterday, but here we can see clearly in our H1 time frame a clear divergence from the actual price action on the chart, we still got our EP (blue line) & our TP (golden line) from our previous post on October 20 / 2022, Keep a close eye on US30 today, Happy pip hunting traders.
FX:US30Short
by FX-PIPHUNTER