Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on.
We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario.
SHORT Trade Idea:
- watch for price to move into sell zone
- Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline
- Once entered, have stop loss above the correction
- Target the buy zone 37k
Our longer term setup will be the buy setup once we enter buy zone.
Goodluck and as always, trade safe!
We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario.
SHORT Trade Idea:
- watch for price to move into sell zone
- Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline
- Once entered, have stop loss above the correction
- Target the buy zone 37k
Our longer term setup will be the buy setup once we enter buy zone.
Goodluck and as always, trade safe!
Comment:
US30 2D Analysis
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