US30USD- We have reached all time highs for a second time
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index
Last week the US30 has reached all time high for a second time. On the daily time frame we can see price got
rejected (27350) two times. The daily rejection of the (27350) daily resistance gave us the indication that we could
see a correction soon.
On the weekly time frame you can see a clear upward price momentum with HH and HL price moves. Our Fibonacci
tools was also applied where we can see that price retraced all the way touching our 78.6 level forming a bullish engulfing continuation pattern on our 61.8 level. Our fist target for the next coming weeks is the (28,000) mark
where we think the freefall downward will begin.
Target #1: 28,000
Target #2:
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
GOOGLE -TRADRHQ- for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
Last week the US30 has reached all time high for a second time. On the daily time frame we can see price got
rejected (27350) two times. The daily rejection of the (27350) daily resistance gave us the indication that we could
see a correction soon.
On the weekly time frame you can see a clear upward price momentum with HH and HL price moves. Our Fibonacci
tools was also applied where we can see that price retraced all the way touching our 78.6 level forming a bullish engulfing continuation pattern on our 61.8 level. Our fist target for the next coming weeks is the (28,000) mark
where we think the freefall downward will begin.
Target #1: 28,000
Target #2:
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
GOOGLE -TRADRHQ- for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
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