MatTheCat
Long

US 30 Key Reversal Long

FX:US30   Dow Jones Industrial Average Index
Key Reversal on 4Hr Chart

Hit 78.6% retrace. Risk to lows.

Monthly chart suggests this is a likely level for 'institutional fingerprint'.
Comment: So far so good. But after a consolidation above the entry level price has been very direct. Keep an eye on breakdown of RSI Trendline for trailing Stops.

Already around 3:1 in the money....no point in letting this reverse too much....

As of yet, RSI doesn't suggest taking any action......let trade run toward original target for now.

Trade closed: target reached: Profits taken.

"don't be a dick, for a tick"

Comments

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