US30 - PRE NY SESSION ANALYSIS - 05112022
Price has pushed back up to approximately 32450 level over last few hours.
Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high.
I am targeting 32000, a level which was touched yesterday.
If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700
See you after NY session today!
Happy Hunting!
Price has pushed back up to approximately 32450 level over last few hours.
Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high.
I am targeting 32000, a level which was touched yesterday.
If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700
See you after NY session today!
Happy Hunting!