Trade Idea: US30 Long ( BUY STOP )

1 Apr

Technical Analysis:
1. Daily Chart:
• US30 is in a pullback phase after a strong uptrend.
• The MACD is negative, but price is nearing key support, signaling a potential reversal.
• The RSI is at 43.74, close to oversold territory, indicating limited downside risk.
2. 15-Minute Chart:
• The MACD is strongly positive, confirming short-term bullish momentum.
• A strong bounce from recent lows suggests buyers are stepping in.
• The RSI is 55.40, indicating neutral momentum with room to push higher.
3. 3-Minute Chart:
• The MACD is slightly negative, but showing signs of bottoming out.
• RSI is 49.62, neutral but ready to turn up.
• Price is consolidating after a strong move up, suggesting a continuation higher.

Fundamental Analysis:
• The Dow Jones (US30) has recently rebounded from key support levels, aligning with a strong US economy and moderate Fed policies supporting equity markets.
• Global economic conditions remain stable, and institutional buyers are likely stepping in at this level.

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Trade Execution:
• Entry: 41,900 (Confirmation of bullish momentum after consolidation)
• Stop-Loss (SL): 41,750 (Below recent low, protecting against further downside)
• Take-Profit (TP): 42,250 (Targeting recent resistance, maintaining a 2:1 RRR) US30

2 Apr

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