With the rising momentum that we see in charts its clear that uptrend will continue. But the question is when should we enter? I have been trading US30 for a while so I wanted to share my last trade with you. That's not a trading advice. Good luck for everyone :)
Short term short trade looks logical if purple support gets broken.
NZDJPY is in long term down trend. Also Head and Shoulders pattern appears as we get closer to the monthly downtrend trendline.
Important levels are shown in the chart. GBP is stron and AUD is weak so I used my technical analysis knowledge to take a better position. Let's see how it goes.
Buyers territory will be activated after the first resistance gets broken. Then We can take a trade with a small stop loss and big take profit. This is not a trading advice. That's my own plan.
Buyers look strong now. I'll consider it as a buy.
I've seen some loss in momentum of buying so i changed my position into sell. Let's see how it goes. not a trading advice
I had this analysis shared yesterday. Today I’m willing to entry from range and join the trend from the beginning. If it breaks above then I’m out.