The market is offering an intraday swing trade between 25500 and 26200. Consider buying now and sell at 26200. Please remember the uptrend remains intact until the price reaches 27000-27200 area (please see here ) until then we will see if there is an opportunity to go short.
Happy trading!
Dungcan
The target for the (short) trade last week was reached during the US session yesterday. The market has made a strong bounce back up during the London opening today, expecting the price to move up towards (27,000-27,500).
US30 is fluctuating in a price channel towards the lower trend line around 24900. There is no guaranty that the market will move any lower than that before making some bounce back higher. If the price breaks through that over the next few days, the next target is 23700. We will then need to wait for confirmation around those two areas before buying.
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