US30 dips continue to attract buyers

US30USD

Trade Idea

DOW30 - Intraday - We look to Buy at 27200 (stop at 27100)

Price action resulted in a new all-time high at 27403. A Morning Star formation has been posted at the low. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A bullish hammer has been posted as prices reject the lower levels. Further upside is expected although we prefer to set longs at our bespoke support levels at 27200, resulting in improved risk/reward.

Our profit targets will be 27400 and 27500

Resistance: 27403 / 27500 / 27625
Support: 27200 / 27000 / 26850