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Us30shorts

US30 shortsHere is why: - I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs. - Hence, we saw the rush of downward momentum. - There is a bearish setup on the 4 hour timeframe and the targets are 40,583 - I am currently looking to sell the pair, but I have to wait for more confluence. - The best possible scenario, is if price tests 40,950 before I look to sell the pair to 40,580 - Another scenario I would sell the pair is if it forms a setup at 40,790 during the new york session. - For now, I sit on my hands as I wait for the pair to give me more confluence to sell.
FX:US30Short
by kingmwenja
US30 shortsHello Traders; I believe that US30 is due for a very huge bearish move Here's why Monthly; Price broke all time highs and never retested the previous region. May's candlestick closure is very weak and left a long wick to the upside. The probability of the wick being filled is very low. Weekly; There is a 3 pin pattern that never closed below the pattern. If price ever breaks 38,000 then the next target is 37,500. Two weeks ago price formed a doji candlestick formation which shows me there are not enough orders to go to the upside. The previous week's candlestick has its body showing downside momentum I believe that this week price went up to collect orders before we see inevitable downside movement Daily; Price is at a major selling region at 38,875 and rejected it with a 3 pin pattern. The next notable daily region to the downside is 38,550 4 hour; Price has broken below 38,830 which is a 4 hour region and has retested the region. The next notable region is 38,750. Waiting for a sell setup
OANDA:US30USDShort
by kingmwenja
Us30 shorts Us30 has been on a bearish rally for some months now. As structure and impulsiveness of the moves show a Strong Bearish Momentum. The market mones in a Impulse, Correction(accumulation), impulse structure. As such following this principle we can see that we had a Impulsive move to the Downside in this Bearish channel and is Currently correcting. It is advisable to follow the trend and we stand a higher probability if we stick selling the market. There is further confluence in the Creation of a Bearish Flag in this structure
OANDA:US30USDShort
by PJ_Tsotetsi