bullish channel intact on wall st us30

27 Agu 2015

us30 price has retraced back into the uptrend channel on the weekly time frame after the dramatic fall based on fundamentals from last week. a close of this candle within the channel will provide confirmation for a bullish continuation towards the cog and potentially the upper zone of the channel. longs form here will target 17600 initially with further upside based on price action. as always sl will be moved to be once 30% of 1st target is reached and then trailing up to minimise risk and preserve capital