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Us30idea

US30 - PRE NY SESSION ANALYSIS - 04292022Price pushed back up to approximately 34000 during Asian session and kinda floated sideways during early London session. There was some nice exhaustion that formed around 2-3 AM which would have potentially made a good entry point but I wasn't awake for that :/ Price now appears to be pushing down retesting recent support of approximately 33800 As of now I'm staying out, I would like to see price push back up to this 34000 - 34200 level and show some signs of exhaustion/reversal before getting in to continue the larger overall bearish trend which I believe is still intact. We'll see what happens today as this is the final trading day for the month. See you after NY session! Good luck!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 04282022Interesting movements today. Price dropped from my entry of 33650 to about 32250 Did not reach my target of 33200 for a 1:4 risk to reward but I was trailing my stop along the way so I secured profits at 33400 when price started to retrace. Had it not been for trailing my stop I would have gotten stopped out as after price entered that zone in the 33200s it pushed all the way back up to 33900+ The name of the game on this one was proper trade management without a doubt. Closing out the week and the month tomorrow I still believe the overall bearish bias is still intact. I am looking for price to push back up to about 34200 which is a previous level of structure and see if it begins to exhibit any signs of exhaustion or countertrend reversal. If so I will be looking to get in around this 34200 weekly support and resistance level and continue riding the bearish momentum down to my previous target of 33200. If price breaks above this level it may indicate the beginning of a reversal in the overall bias and possibly consider a short term buy position but that will all depend on the price action over the next few hours in Asian and early London sessions. See you all pre NY session tomorrow. Have a good night!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 04282022As anticipated, price pushed back up during Asian and early London session to approximately the 33650 level which appears to be a strong resistance area and the previous structure from the past couple of days. Price now appears to be reversing and continuing in the overall direction of the bias on larger timeframes which is still definitely bearish in my opinion. I've entered at approximately 33655 and my TP1 is 33200 targeting the previous structure low from the last couple of days this week. If it breaks past this TP1 area I will be trailing my stops and targeting 32925 as my TP2 and my TP3 on a larger more swing like trade will be 325925. No real major US news today or tomorrow so hopefully should be smooth sailing following the volume and overall bearish market bias. See you after NY Session today! Happy Trading!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 04272022Not too shabby :) Price moved exactly as I predicted, dropping down to 33200 before getting pushed back up. Then it bounced up and down between approximately 33600 and 33200 for the rest of the session. On the daily we closed weak so I expect price to push back up from it's current level around 33400 retesting the previous highs of the last couple days before the larger overall bearish trend comes back into play. We will see how the next few hour play out over Asian and early London session. See you guys pre NY tomorrow! Have a good night
OANDA:US30USDShort
by ryanweier
DOW JONES SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on DOW JONES after price takes out weekly highs + institutional figure 35.000 liquidity making a huge short squeeze. I think the move is very parabolic with a lot of bullish imbalances aka price inefficiency and from there the price could start the selloff, another confluence in this trade is that VIX rejected an important area of ,,support,, if you will and from there should go higher From a fundamental perspective we have same bad news regarding Russia-Ukraine conflict What do you think ? Where we go next ?
UShort
by AnonimFXRO
Bat and Crab Forming! US30 Long After Retracement?US30 - Broken the high yesterday, now I'm waiting for a retracement to an S/D before looking to take US30 long towards the D point of the Bat and then the Crab with confirmation! Let me know your thoughts guys! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
ULong
by ProFxAI