Short
US30 to test strong resistance and fall
Hello traders as we can see on daily chart that price is about to test a strong resistance trend line of 2018 at 30500. Price already rejected may times around 30200 and 350 area. I am hopeful that after testing price at 30500 to 30600 price will start to fall and we can take a nice risk to reward opportunity.
Traders if you liked this idea please share and let me know in the comment section below.
Traders if you liked this idea please share and let me know in the comment section below.
Note
Price is reached at point wait for price to slow down monitor on 1hr chart. Then you can take trade with risk managed as per your choice.Note
On 15 min chart we can see price is testing 50 MA indicator showing that price may fall from this area plus RSI and MACD indicators strategy for divergence is also showing that it may fall.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.