US30 - POST NY SESSION ANALYSIS - 05172022
Price has just been hanging around between 32200 and 32700 today
There was a sell opportunity at approximately 6AM EST however I did not enter as I did not think price was close to a reversal zone which would make it a high probability trade.
Could have bagged 300 points 1:3 RRR potentially but oh well I'm waiting for the next opportunity.
No more major news for the week as far as the US goes.
Daddy J. Powell made some comments which sent the market up a few hundred points but I think this may be short lived as price pushes back up to previous levels of resistance near this 32800 - 33000 levels.
I will keep an eye out to see what happens during Asian and London sessions but overall on the larger TFs definitely bearish momentum is still intact.
Short term buy opportunities may present themselves, if so I will enter at an exhaustion/reversal area with SL outside of structure.
Have a good night!
Price has just been hanging around between 32200 and 32700 today
There was a sell opportunity at approximately 6AM EST however I did not enter as I did not think price was close to a reversal zone which would make it a high probability trade.
Could have bagged 300 points 1:3 RRR potentially but oh well I'm waiting for the next opportunity.
No more major news for the week as far as the US goes.
Daddy J. Powell made some comments which sent the market up a few hundred points but I think this may be short lived as price pushes back up to previous levels of resistance near this 32800 - 33000 levels.
I will keep an eye out to see what happens during Asian and London sessions but overall on the larger TFs definitely bearish momentum is still intact.
Short term buy opportunities may present themselves, if so I will enter at an exhaustion/reversal area with SL outside of structure.
Have a good night!