US30 gave an inside 4hr after being slumped yesterday; at this spot I'm willing to take the trade both sided.
Reason:
If it breaks to the upside, it means that the 21800 support tries to play some rebound here, so my target price could be 8EMA around 21930;
If it breaks to the downside, it means the selling pressure and the downtrend remain strong, so participating in a trend is always my trading philosophy.
Reason:
If it breaks to the upside, it means that the 21800 support tries to play some rebound here, so my target price could be 8EMA around 21930;
If it breaks to the downside, it means the selling pressure and the downtrend remain strong, so participating in a trend is always my trading philosophy.
Note
broke to the upside, long! out @ 21790
Note
got my 21930 !
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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.