US30 Todays view , Price went up to the Qp and reversed where its trend was now Bearish , then at my fibbonacci level which i used to enter this trade price broke below the 61.8 Price rejection zone which is very strong i anticipate a 250 pip + move to the downside , target be @34609
SELL SETUP 3rd touch of the trendline making lower lows , formed a Double top and a Bearish engulfing that confirms the downtrend , on the Daily timeframe price forms a Head and shoulder pattern and at the right shoulder i see a double top confirmed by a strong Bearish engulfing
SHORT SETUP ON GU , Intraday setup where i see a double bottom that confirms the continuation of the downtrend where by i enter after the close of the Evening star on the H1 , Risk 20 pips , Reward 85 pips RRR 1:4
GU has lately been making higher highs ,price at a demand zone which seems to be strong , on the smaller timeframes i see a double top confluenced by a bullish engulfing candle .risk 30 pips Reward 120 pips RRR 1:4