Dow Jones – Sell Trade at Key Level Profits | Oct 13

Dow Jones – Pullback Level Leads to Heavy Sell-Off
Yesterday in the weekly members commentary, we talked about the key level at 16600. As you can see from the 4hr chart below, the markets pulled back today to this role reversal level perfectly, and then sold off heavily over +300 points, so those of you who traded it would be in a nice profit now.

The short term resistance is now around 16425, but a corrective pullback into 16600 would be potentially another selling opportunity. The trend is short term bearish so we are looking to sell on weak rallies until we get a strong daily close above 16800.


In today’s daily trade setups commentary, we also discuss the EURUSD, the EURGBP, the USDCAD and USDCHF trade setups. To learn more about becoming a member, click here.

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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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