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May 06, 2025

Trade ideas

US30: Ascending Channel

US30, H1

US30H1.png

The price breaches below the ascending channel, facing the 40900 support level.

The alligator's lips cross the jaw, while the MACD crosses the 0-line down, suggesting a bearish sentiment.

  • Consider a short trade on US30 when the price breaks below the 40900 level, with the target at 40300 support.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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