Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
US30 - PRE NY SESSION ANALYSIS - 05032022 Definitely looking bearish still. Looking for a retrace in price with signs of exhaustion on the M5, M15, M30, or even H1 to get into a sell on the continuation of the downward momentum with a stop above previous structure. Happy Trading!
Overall bias coming into the first trading day of the month is still definitely bearish. I'm looking for price to retrace a bit before getting in on a sell order. Patiently waiting for signs of exhaustion/reversal near previous structure highs on the lower TFs along with confluence around the 38.2 fib level drawn out which falls in a supply/demand zone. Happy...
Interesting 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...
Not 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...
Price has entered a point of interest! A bearish OB, and it looks like it may take a pullback.
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