Today, the market seems to be calm, possibly due to the aftermath of yesterday's news. However, it's more likely that investors are awaiting tomorrow's FOMC conference. Despite the sideways movement, I'm still on the lookout for potential opportunities to catch some gains in both upward and downward movements.
Today I'm looking for a short setup in the OANDA:US30USD . The reasons behind this idea are the following: We are in a bull run in the last 4 days In these 4 days the index gained 5.9% without a bigger correction On the daily chart most of the time a bearish day comes after 4-6 bullish days. Yesterday the price did a massive 462 points bull run from...
For today I'm looking for new highs in US30, however, there is room for a correction after yesterday's bull run. The 31670-31704 is a strong resistance that holds the price several times if this zone breaks then the next resistance could stop the fall. However it's more likely that Dow will set a new high of the week, and my prediction is that the bulls will test...
After this massive bullrun I'm looking for a pullback, I think thi price will thouch the yesterday high (31600)