10/20/2023
US100 📉
Yesterday, we were actively engaged in the US30 market, where the latest pivot price reached an impressive 34,150. However, despite the market exhibiting limited movement, it displayed a significant degree of volatility during the opening of the US stock market. In response to this, we made a strategic decision to modify our trading approach for today.
Instead of continuing to trade in the US30 market, we opted to initiate a short position in the US100 market. This choice was driven by our desire to minimize the risk of experiencing an abrupt and unfavorable stoppage, which could potentially occur before the market unfolded as anticipated.
Upon closer examination and after another days data, it is now evident that the US100 market offers a more favorable trading opportunity between the two. The market's key zones are clearer and more discernible. It's important to note that we are not making absolute predictions of price direction for either US30 or US100. However, the risk-reward ratio and overall setup in the US100 market present an enticing opportunity, compelling us to take action and seize this potential trade.
There is so much mileage in this setup, really hoping we can realise it!
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