US30: Time to Sell
Price action has finally reached our sell zone.
FYI
Price action extended to the 1.618 of the previous structure. Which is just above our previously established sell zone.
I apologize, I attempted to post something on the 1 minute chart that showed a pullback area that was ideal before this down move. In any case though we are still in our zone for sells. You can set sell limits that extend just above the swing high just adjust your risk accordingly.
I do want to point out that price action could simply be using this zone to establish a new support so PLEASE trade carefully and respect your risk management rules. If price starts to consolidate here be patient and only take sell positions at the top of the range, again with stop losses set above the swing high.
Because I'm late to post the move, I'll leave it here for now :) Happy Trading.
FYI
Price action extended to the 1.618 of the previous structure. Which is just above our previously established sell zone.
I apologize, I attempted to post something on the 1 minute chart that showed a pullback area that was ideal before this down move. In any case though we are still in our zone for sells. You can set sell limits that extend just above the swing high just adjust your risk accordingly.
I do want to point out that price action could simply be using this zone to establish a new support so PLEASE trade carefully and respect your risk management rules. If price starts to consolidate here be patient and only take sell positions at the top of the range, again with stop losses set above the swing high.
Because I'm late to post the move, I'll leave it here for now :) Happy Trading.
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