How To Make Money Today: Dow Jones Daily Market Analysis and Forex Trading Signals 19 January 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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Dow Jones Industrial Average:
On the H4, with price approaching the support of the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 35672 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement level from 1st support at 35252, which is in line with horizontal swing low support and 78.6% Fibonacci retracement level. Alternatively, price may break 1st support structure and head for 2nd support at 34750, which coincides with horizontal swing low support level and 127.2% Fibonacci extension.
Areas of consideration:
- H4 time frame, 1st resistance of 35672
- H4 time frame, 1st support of 35252
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