us30 is following the daily downtrend trend. also we completed level 2 of the market maker cycle, looking for a pull back and continuation to the downside
US30 looks to be reversing on the high (daily) timeframe. it made a perfect M formation and has now closed below the 50 ema on the daily timeframe. when price is below the 50 EMA it indicates a down trend vice versa price may retest the 50 ema before going down. NOTE : price pulled back to the 618 on fibs (daily timeframe) looking for price to reach the 200 ema...
GU is going into level 2 long but I expect it to be pretty choppy before news but looking to go long for friday. market maker cycle is moving smoothly this week,
usdcad made a peak formation on monday (multisession m ) so today i was looking for a break of the asian numbers upwards, then a trapping setup. which I saw. usdcad has completed level 1 of the markemaker cycle. Looking to go short tomorrow for level 2 my forex funds 100k challenge phase 2 Balance 104,499 Target 105,000
in this video i break down trends, market structure and the most recent trade from us30
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GU complete level 1 and should move on to level 2 short tomorrow, if it continues with the market maker cycle, after a mild pullback to the upside we should see a drop past todays low
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if us30 continues on the market maker cycle it will continue to go short for friday and create level 2 short, and break past the previous days price. us30 pulled back to the 6.18 fib retracement on the daily chart. we still have lots of space before it reaches the 0 retracement line
GU closed 50 pips from the high of the day afp conditions (away From Peak) looking to go short D1 correction to the downside
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Im looking for US30 to go long for sunday monday. price has broken through previous level of resistance and closed strong What do you think?