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Us30idea

US30 (Dow Jones) Sell SetupFOMC and GDP numbers for Q2 loom large next week. With an interest rate hike, coupled with a higher than expected number for the GDP, a risk off environment will kick off, sending the USD pushing higher and the markets will begin a bear leg. * The US will be in a technical recession if those numbers come in higher than expected, as this would make it two quarters in a row with bad GDP numbers. * If price breaks the high of the SZ, then the setup is invalidated. Feel free to drop a comment, and let me know if you agree or disagree, and let me know why. Drop a LIKE if you're picking up what I'm putting down! ; )
OANDA:US30USDShort
by RT_Money
4
US30 ( HIGH PROBABILITY BUY SETUP SOON )On Wednesday, U.S. stocks closed in negative territory for a third time this week as the year over year inflation rate increased by a higher percentage than previously expected. The Dow Jones Industrial Average fell 208.54pts (-0.67) to 3077. Here we can see clearly the next move for US30, baring in mind it's a quick scalp as we're still in a bearish markets & wer're using higher time frame for a clearer view of our analysis, we've got our EP (blue line) & our TP's (golden line), keep a close eye on US30, U.S. & the world's top 30 companies. Happy PIP hunting traders.
FX:US30Long
by FX-PIPHUNTER
4