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Us30signal

US30 - PRE NY SESSION ANALYSIS - 05232022US30 - PRE NY SESSION ANALYSIS - 05232022 Price has pushed back up to the zone/previous level of structure in the 31400 - 31600 area. It appears that it is retesting this previous structure before it continues with the overall bearish sentiment evident on the higher TFs. I am looking for price to fully pull back into this zone, my sweet spot I am targeting is 31500 - 31650 with a 100 point stop which will put my SL outside recent structure highs. However, I will only enter in this area if I see signs of exhaustion/reversal forming on the M5, M15, M30, and/or H1 TFs. Let's see what happens but this can potentially be an easy 1:3 minimum RRR trade. Have a great trading day and see you after NY session today!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05132022US30 - POST NY SESSION ANALYSIS - 05132022 Price bounced around today, didn't go in the direction of my target. I got stopped out around 32050. A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at. This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5. I set my stop clear out of structure at 32150. Initially price went in my direction about 100 points. Then it pushed straight back up to my SL at 32150. Did not re-enter and price has just bounced around from about 32200 to 31900. The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys. I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260. Let's see if I get stopped out right at market open or what happens. Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :) Have a great weekend!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05132022US30 - PRE NY SESSION ANALYSIS - 05132022 As anticipated, price pushed back up during Asian and London session and is now hanging out around the 32000 level. I have entered a sell position @ approximately 31960 with a 100 point stop which is clearly above previous recent structure lower highs. There is also confluence in this area with the MA 66 acting as a static resistance, the 23.6 fib level, and a random support/resistance level which is also behaving as resistance at this time. I am anticipating for price to drop to retest this week's previous low of approximately 31200 which is my TP. I'll be moving my stops into profit as it starts heading in my direction. If I get stopped out I'll probably call it quits for the week unless I see price pullback to the 38.2 fib level and show signs of exhaustion/reversal to consider a re-entry. No major US news today which is good. Good luck today and see you after NY session this afternoon!
OANDA:US30USDShort
by ryanweier
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