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Us30signal

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
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 is in possible sell zone!!US30 has formed a strong bearish price action after multiple liquidity grabs and false breakouts. Currently, on the hourly chart, the price has formed a head & shoulder on the resistance level with bearish engulfing followed by a Doji. It is a high probability that the price will continue to drop to the next support level as the long-term trend is bearish and the price has a strong downward bias. Upon candle close, a sell trade is high probable. Thank you and press the like button if you enjoy this content :)
UShort
by ForexWizard01
US30 20/10/2022US30 currently ranging in between 30793 as its resistance & 30266 as its support while also retesting a HTF downtrendline. Now a breakout of the ranging Phase might determine whether US30 will continue moving down in respect to the downtrendline or make a breakout of the trendline to continue pushing up. So if the price makes a break & close below the Support zone of the ranging phase, atleast on 1HR TF, then we can start to look for trades on the short side in short TF like 15 to 30 MIN TF in hopes of price continue to push down in respect to the downtrendline to retest the next support level at 29620. However if price respects the support of the ranging phase & closes above the resistance, then it would be a breakout of the downtrendline & we can look for trades on the long side expecting price to continue pushing up all the way to retest the next HTF key zone at 31660.
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by mightybullcapital