Long
Breakout Scalp In The US30
It’s been a whipsaw morning on Wall Street, let by a 1% gain in the NASDAQ and negative action in the DJIA. For the US30, we have seen two key technical levels come into play:
Weekly EMA, 34,377
Weekly 62% Retracement, 34,491
A bullish breakout above 34,500 is possible as the weekly high is 34,504. Here is the trade:
1) Buy from 34,505
2) Stop loss at 34,489
3) Profit target at 34,521
4) 1:1 risk vs reward for 16 pips
This trade gains strength if 34,504 holds as the weekly high going into the Monday session.
Weekly EMA, 34,377
Weekly 62% Retracement, 34,491
A bullish breakout above 34,500 is possible as the weekly high is 34,504. Here is the trade:
1) Buy from 34,505
2) Stop loss at 34,489
3) Profit target at 34,521
4) 1:1 risk vs reward for 16 pips
This trade gains strength if 34,504 holds as the weekly high going into the Monday session.
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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.