POTENTIAL LONG DAY TRADE OPPORTUNITY US30 (DOW JONES)
Hey everyone hope you are having an amazing start to your weeks! Just wanted to get on here and do a post on a potential shorter term move I see on the US30 index here! Hope you all had a great Father's day and let's dive in
OK so first thing first is that the US30 recently bounced off of a higher TF level of demand. Once it did so it gave a strong move to upside confirming interest of this demand and higher level of buyers than sellers; showing interest. Then when prices came back into these demand levels I had noticed another strong reaction (interest) from the buyers confirmed also on the 1H (hour) timeframe when we saw a break of structure to the upside with price printing new higher highs and breaking above the previous lower high...giving us that price action confirmation so to speak!
Super simple setup! Just a day trading opportunity I had seen and wanted to post. Keep an eye on the seller momentum if it pulls back...we don't want to be trying to buy against a strong seller...remember we don't move the markets...we live off of probability...
Alright guys hope you enjoyed! Please boost this post and follow my page for more highly accurate analysis! Cheers!
OK so first thing first is that the US30 recently bounced off of a higher TF level of demand. Once it did so it gave a strong move to upside confirming interest of this demand and higher level of buyers than sellers; showing interest. Then when prices came back into these demand levels I had noticed another strong reaction (interest) from the buyers confirmed also on the 1H (hour) timeframe when we saw a break of structure to the upside with price printing new higher highs and breaking above the previous lower high...giving us that price action confirmation so to speak!
Super simple setup! Just a day trading opportunity I had seen and wanted to post. Keep an eye on the seller momentum if it pulls back...we don't want to be trying to buy against a strong seller...remember we don't move the markets...we live off of probability...
Alright guys hope you enjoyed! Please boost this post and follow my page for more highly accurate analysis! Cheers!
Trade closed: target reached:
Hit take profit! Didn't give full pullback but skyrocketed breaking highs...cheers!