Potential US30 Short
Updated
Looking at US30
Us 30 continued to climb this week.
1hr chart has gone up and created a new High
Us30 has once again climbed to a nice resistance area of 27335.6
Even though the overall indication of Us30 is an uptrend, a potential short opportunity could present itself if it breaks the resistance area of 27083.3
As my trading mentor has taught me, I would move stop Loss to entry once it starts to move.
Disclaimer: Remember we are also on a uptrend so it could stay in current status and continue to the upside, Which is why I have placed a sell stop.
My analysis makes me believe that if it does continue, it will attempt to reach it's previous LH of 28156.8, but to do that, it will push down to create a new HL before it's move up.
Sell Stop at 27083.3
Tp: 1 26549.8
Tp: 2 26202.3
Tp: 3 25910.7
Tp: 4 25619.1
Us 30 continued to climb this week.
1hr chart has gone up and created a new High
Us30 has once again climbed to a nice resistance area of 27335.6
Even though the overall indication of Us30 is an uptrend, a potential short opportunity could present itself if it breaks the resistance area of 27083.3
As my trading mentor has taught me, I would move stop Loss to entry once it starts to move.
Disclaimer: Remember we are also on a uptrend so it could stay in current status and continue to the upside, Which is why I have placed a sell stop.
My analysis makes me believe that if it does continue, it will attempt to reach it's previous LH of 28156.8, but to do that, it will push down to create a new HL before it's move up.
Sell Stop at 27083.3
Tp: 1 26549.8
Tp: 2 26202.3
Tp: 3 25910.7
Tp: 4 25619.1
Note
Tp 2 HitNote
8731 pipsNote
Tp 3 HitNote
12241 pipsNote
Tp 4 HitNote
14815Note
14815 pips
Djuante Kellerwoods
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