US30 Long

24 янв. 2021 г.

I trade GBPJPY only, not only because I love the pair and it's volatility, but it's preparing me for the more institutional style of trading and training for the US30. This is a position in which i used my same analysis, as i would on GJ because the correlation and overall mobility of both instruments is amazing. Here, we can obviously see that was retesting the counter trendline, so i waited for weekend data to print. It's retesting right at that monthly support which gives me a great deal of confluence along with a couple other factors. Just looking to take the position to the 0% on the fibb, as i usually target the extension. I am a sniper trader and will look to implement my trading style on this asset. More backtesting and practice trades to come. I am only backtesting US30 for the next few months. We will see if the analysis checks out and if there are any tweaks that need to be made.