US30USD Based on Technical and Fundamental Analysis
The chart shows a clear rejection from the resistance zone at 44,500, confirmed by a bearish candlestick pattern (highlighted in orange).
This aligns with weakening market sentiment and the potential for continued downside movement.
A short entry is justified below the 43,200 level, targeting TP1 at 42,000 and TP2 at 41,600, as marked on the chart.
Keep an eye on macroeconomic data or geopolitical factors that may further strengthen the bearish trend.
Risk management is crucial—set a stop loss above the key resistance zone
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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