Noticed bearish divergences on the Monthly, Weekly & Daily. Taking a short on US30 also in line with head & shoulder patterns with acceptance that market can change quickly due to fundamentals.
PEPPERSTONE:US30
Why did I take this trade. Price respected our trendline channel for sometime on high TFs. However, on the 30 M, we saw a bullish engulfing that changed the manner of the long term trend. Executed trade on 1H and currently in profit
Gold at the all time highs on: Monthly, Weekly & Daily.
Marked of resistance on the 4H as well as fib levels below for possible buy entries.
Be weary of BOE news coming out today as well as news from the US tomorrow.
NAS is bullish on Monthly, Weekly and Daily. From the Daily chart perspective. Price could come down to the 20,179 range. Waiting to see how price reacts fib levels on 4H and how price reacts on the 1H orderbloock #'#LuxAlgo.
