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US30 Potential Upward Movement

US30 Long-Term Trend: Bullish

Key Resistance Levels: 33371, 33595, 33895

Key Support Levels: 32677, 32177, 31620

4-Hour Chart:

The price on the higher time frame has been in an uptrend for some time. It reversed the direction after finding support at the 28898 level. The index has broken two other resistance levels and continued the move which shows a bullish bias.    

US30 Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It has recently broken a consolidation zone of 31871 and 32177 and has shown good momentum. The index has now broken and retested another minor level of 32677 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 32980

TP 1 @ 33340

TP 2 @ 33700

Stop Loss @ 32620

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

4 comments

  1. These last couple of trade have been struggling :/. Hoping for some luck and some green soon. I missed that one positive trade, and my account is dropping from all these negatives.

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