US30 OUTLOOK
Price is in an uptrend movement but has a formed a rising wedge formation which indicates that buying pressure is weakening and a reversal to the downside is imminent.
Impulse short entries can be taken.
The confirmations are the RBS zone, the SnD and the Trendline.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:3.
Price is in an uptrend movement but has a formed a rising wedge formation which indicates that buying pressure is weakening and a reversal to the downside is imminent.
Impulse short entries can be taken.
The confirmations are the RBS zone, the SnD and the Trendline.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:3.