Just like US 100, we are seeing higher prices on US 30.
As long as we hold last monday's highs we should keep on seeing higher prices.
IF we break and close below 38100 I would expect us to hunt for the sellside liquidity.
Considering that we are trading around all time highs (we are still trading in the range which gave the push towards new highs) I am less confident in my trades... As a result more scalps and less swing trades on my part until we get cleaner pa.
The reason for it is simply due to the fact that we do not really have a set range with clear invalidations (yet) and some high impact numbers are bound to be announced later in the week. These will for sure help us clean the range and give us cleaner pa.
Regardless I AM CONFIDENT IN MY SYSTEM and will keep on taking trades that follow my TRADING STRATEGY. You will not always fully be certain of where the market wants to go...so let your SYSTEM tell you where to go with the MARKET SIGNS.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As long as we hold last monday's highs we should keep on seeing higher prices.
IF we break and close below 38100 I would expect us to hunt for the sellside liquidity.
Considering that we are trading around all time highs (we are still trading in the range which gave the push towards new highs) I am less confident in my trades... As a result more scalps and less swing trades on my part until we get cleaner pa.
The reason for it is simply due to the fact that we do not really have a set range with clear invalidations (yet) and some high impact numbers are bound to be announced later in the week. These will for sure help us clean the range and give us cleaner pa.
Regardless I AM CONFIDENT IN MY SYSTEM and will keep on taking trades that follow my TRADING STRATEGY. You will not always fully be certain of where the market wants to go...so let your SYSTEM tell you where to go with the MARKET SIGNS.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
