Forwarded from DovyFX | PREMIUM
US30
SELL NOW (34022)
SL: 34076 (54 pips)
TP1: 33970
TP2: 33915
TP3: 33805 (217 pips)
1:4 RR
LOW RISK
SELL NOW (34022)
SL: 34076 (54 pips)
TP1: 33970
TP2: 33915
TP3: 33805 (217 pips)
1:4 RR
LOW RISK
Forwarded from DovyFX | PREMIUM
US100
Yesterday the price broke below daily support. Which has now became a resistance. But we cannot forget that we still have strong bullish impulses to the left of the chart. This is why I drew couple trend lines to show a potential bullish flag pattern.
We have two potential scenarios both bearish and bullish,so now we just have to wait and react.
Yesterday the price broke below daily support. Which has now became a resistance. But we cannot forget that we still have strong bullish impulses to the left of the chart. This is why I drew couple trend lines to show a potential bullish flag pattern.
We have two potential scenarios both bearish and bullish,so now we just have to wait and react.
Forwarded from DovyFX | PREMIUM
US30
Price is still in this mad consolidation. The price is trading around a strong resistance, that price has rejected multiple multiple times. Yes on lower time frames the price is currently above, but for daily resistance to be invalidated the daily candle needs to close above. So we could see a fakeout before a move down so if the price is able to break below the demand area, then I would consider this resistance still valid and we could see the price dropping but if daily candle closes above resistance then we could use the same demand to take buy positions
Price is still in this mad consolidation. The price is trading around a strong resistance, that price has rejected multiple multiple times. Yes on lower time frames the price is currently above, but for daily resistance to be invalidated the daily candle needs to close above. So we could see a fakeout before a move down so if the price is able to break below the demand area, then I would consider this resistance still valid and we could see the price dropping but if daily candle closes above resistance then we could use the same demand to take buy positions
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Forwarded from DovyFX | PREMIUM
What’s up everybody! So first I would like to share a daily timeframe chart of US30. As you can see the price is still in mad consolidation but it is rejecting from a significant support and if you look at the chart I have two little arrows marking up daily candles and the last time the price rejected from the support with a very similar candle, price moved higher and was bullish, so now we have very similar scenario and I do expect this week the price to continue being bullish so my plan is to track lower time frames and look for buys.