US30 shorts
Here is why:
- I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs.
- Hence, we saw the rush of downward momentum.
- There is a bearish setup on the 4 hour timeframe and the targets are 40,583
- I am currently looking to sell the pair, but I have to wait for more confluence.
- The best possible scenario, is if price tests 40,950 before I look to sell the pair to 40,580
- Another scenario I would sell the pair is if it forms a setup at 40,790 during the new york session.
- For now, I sit on my hands as I wait for the pair to give me more confluence to sell.
- I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs.
- Hence, we saw the rush of downward momentum.
- There is a bearish setup on the 4 hour timeframe and the targets are 40,583
- I am currently looking to sell the pair, but I have to wait for more confluence.
- The best possible scenario, is if price tests 40,950 before I look to sell the pair to 40,580
- Another scenario I would sell the pair is if it forms a setup at 40,790 during the new york session.
- For now, I sit on my hands as I wait for the pair to give me more confluence to sell.
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