Short
US30 on strong resistance zone
Hello traders on daily timeframe we see that price is testing a strong resistance zone from 2018. In the start of 2021 price broke high above 30700 area from where it should have moved down. But now it has come to the point where after testing the resistance I am hopeful that it will pull back.
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Traders if you liked this idea give it a like,comment,share and follow for more upcoming ideas.
Note
For our confirmation and strategy that we can apply is RSI divergence. On 1Hr chart we can see a divergence clearly. If price is able to break the trend line you can go short on this trade with calculated risk. Monitor price on 15min chart.Trade active
According to our RSI divergence setup price broke the trend line hopefully it will give us nice pips. Let's see
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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.