SPX500 - The USD Is Looking Strong!!!

11 paź 2023

Analysis:
Bearish Confluences

• Strong downwards trend
  
• Retesting an area of significance
  
• 50% fib retracement level touch
  
• In a descending channel
  
• 1K long position increase for the USD
  
• 1K short position decrease for the USD
  
• Recent USD news has been bullish
  

Bearish Confluences

• N/A
  

Stay Safe - The JPI Team
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This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

11 paź 2023

Zlecenie aktywne

Our entry requirements have been met and our order has been filled. With the USD strength we're currently seeing we are short looking for this bearish pressure to continue pushing price down further!