US30 Trade Scenario's and Analysis (14.01.2024)

Güncellendi
CORE PPI m/m (FORECAST 0.2%) & PPI m/m (FORECAST 0.4%) 15:30
⦁ Higher then expected signals inflation pressure. (Bearish)
⦁ Lower then expected signals a ease in inflation.(Bullish)

Lower readings reduces inflation pressure on the economy, Which generally means BULLISH, however as i explained about INITIAL MARKET MOVERS can have a volatile effect to find a clear Trend to the Market before Reacting to the Data Readings.

BULLISH SCENARIO.

A Pullback with a Rejection around 42150- 42055 can confirm the Bullish. After a clear retest around those Zones Take entries with a SL at 42000.

EXECUTING TRADES.

A Strong bounce at 42055 and holding strongly above with no break below.

Take BUY entries once the Confirmation Candle enter the Zones between 42125 - 42150 With a SL at 42055.

A Continuous Push above 42250 - 42375 and holding above it can simply just continue Bullish, Automatically turning the resistance to support. Which will then be the POI for another BUY Entry. IF it breaks above those Zones and trades above 42250 with no breaks below.
Take entries once the confirmation Candle enter 42325 - 42350 With a SL at 42250.

BEARISH SCENARIO.

A Strong break through 42055 and trading below with rejections. Can continue Bearish to Either test Support at 41775 or continue to the Weekly support at 41435

EXECUTING TRADES.

Take SELL entries once Rejection Candle enters 42000 - 41975 With a SL at 42055.

A break below 41775 - 41700 will then also be a POI for another Sell entry. I Will monitor price action if it does reach those levels.

FOR NOW FOCUS ON THE REJECTION FOR BUY ENTRIES AS THERE WAS ALREADY A BREAK THROUGH THE TRENDLINE LAST NIGHT. AS LONG AS IT TRADES ABOVE THE TRENDLINE AND HOLDS ABOVE 42055.
ONLY IF PRICE BREAKS BELOW THAT TRENDLINE AGAIN AND HOLDS BELOW 42055 I WILL LOOK AT FOR SELL ENTRIES.
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BULLISH SCENARIO.

A Pullback with a Rejection around 42150- 42055 can confirm the Bullish. After a clear retest around those Zones Take entries with a SL at 42000.

EXECUTING TRADES.

A Strong bounce at 42055 and holding strongly above with no break below.

Take BUY entries once the Confirmation Candle enter the Zones between 42125 - 42150 With a SL at 42055.

A Continuous Push above 42250 - 42375 and holding above it can simply just continue Bullish, Automatically turning the resistance to support. Which will then be the POI for another BUY Entry. IF it breaks above those Zones and trades above 42250 with no breaks below.
Take entries once the confirmation Candle enter 42325 - 42350 With a SL at 42250.

BOTH TRADES ACTIVE
Fundamental AnalysisSupport and ResistanceTrend Analysis

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