- Dow has been moving impulsively for the past months - The important outlook here is that the trend is slowing down and one rebalancing is needed - You can keep longing as long as Dow doesn't invalidate 38,900 post that you still need a confirmation - Calling the TOP out here is stupidity - follow the trend and long whenever you see deep retracements
US OIL faceing a trendline support on week chat Hence a good opportunity for all forex and CFD user to grab this one It will be bullish for more than 1 mongth Due to week chat analysis Hence analyse yourself for short-term trade just buy side only Market is bullish So trade only buy side on your trade setup
- Nasdaq's price action looks tricky to play out - Nasdaq can either fall clear some imbalanced inefficiencies - Trade this cautiously before you want to enter a trade here
- Spx is currently hovering near the overhead supply - Spx can throw up big soon - I think before shaking out bears SPX can again grab some liquidity from the demand zone - Retrace more and add back up - Risk here is 0.3%
After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
German DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.
Hello guys i had find this high RR quick trade in jp morgan it has made double top and breaking structure we can sell from here for the above sl and below support tg also do your own analysis before taking any position thank you