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Us30idea

US30 l DAILY l OUTLOOKDAILY TAKEAWAYS: Last weeks TA played out perfectly. 1. Broke two BOS @ 31550 & 32650 2. Broke out of descending channel 3. Broke though major key level zone 32100 - 32450. Looking at what we see now. (4 HR) 1. US30 rejected off bottom of major zone 33350 - 33650. 2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made. 3. If we continue to push bullish there is a major BOS @ 34050 that has acted as a rejection / resistance zone. 4. Viewing top MACD indicator it is the first time in months we have been above the 200 level. Previous TradingView TA linked
OANDA:US30USD
by CORNINO
US30 l DAILY l OUTLOOKLooking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both. MAY 16th TA “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart. 2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled). 3. US30 has entered back into major zone 32050 - 32450. 4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.” MAY 22nd TA DAILY OUTLOOK / TAKEAWAYS: 1. US30 is still overall bearish . Retesting major levels 31250 & 30750 for the first time MARCH 2021. 2. Last time these levels were touched we reached ALL TIME HIGHS. 3. US30 is still breaking in and out of descending channel . 4. US30 bounced off of major zone 30750 and is now retesting major zone 31250. 5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL . 6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement. MAY 25th TA DAILY TAKEAWAYS: 1. US30 saw multiple retests of BOS / support and resistance level 31550. 2. Fake of candle breaking through BOS (circled) rejection wick. 3. We have broken out of descending channel once again. 4. Need to see a minor retest of descending channel then a break into major zone 32100 - 32450. 5. Next major BOS is positioned at 32650.
OANDA:US30USD
by CORNINO
US30 - POST NY SESSION ANALYSIS - 05242022US30 - POST NY SESSION ANALYSIS - 05242022 An erratic day today. Price slightly pushed up after my last post. Stopped me out at approximately 31767. I then got back in to another sell order around 31725 around NY open. Shortly thereafter price dropped about 300 points, I was trailing my stops so I locked in 200 points at approximately 31500 before price came back up and stopped me out. Since then in late NY session price has now pushed up to around the 31950 level. I have entered a sell position around this level, 31950 - 31990 My stop is above this recent structure that has formed, 100 points out at 32050. If price pushes up to my SL level then that will indicate that price is pushing up past these structure highs to form new highs and higher lows. If the bears come back into play here I anticipate price will drop down to atleast the 31400 level tested earlier today if not further down to 31000. I will be trailing my stops as always and see where this goes. I'll see you all pre NY session tomorrow! Have a great night!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05242022US30 - PRE NY SESSION ANALYSIS - 05242022 After a nice push up yesterday, price is hanging out around the 31600 - 31700 level. It looks like price may be forming a higher lower, turning previous resistance into support. However, the overall bias is still definitely bearish and I've entered a sell position around 31660 as the previous H1 candle appeared to be exhausted while attempting to form this new higher low. If I'm stopped out at 31760 then I will be looking to see if price pushes up to the previous level of structure around 31900 in confluence with the 61.8 fib level and supply zone in this same area. If this occurs then I will be looking to get in once I see signs of exhaustion/reversal with a 100 point stop around 32000. Hopefully it moves in my direction and I'll begin trailing my stop at around +125 points if it gets to that point. I'll do my best to post again post market today however I'm still dealing with my Abuela in the hospital so I may have to push until pre-market tomorrow. Have a great trading day! Let's get this bag :)
OANDA:US30USDShort
by ryanweier
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