US30 (Dow Jones) Market Analysis and Trade Setups

Single phase still on it and everything is going smoothly

US 30 Trade Setup
Entry: 51139
SL: 51277
TP: 50702

Trade Idea: I'm looking out for short opportunity because price has broken back below the key level it broke out from during NFP turning the support into a resistance. I'm waiting for a good confirmation before execution.

US30- on 15mins, price invalidated the intraday channel it created after NFP drove price to the resistance level at 51478 and retreated sharply breaking below the NFP low and going for a retest of the Level.
Entry: 51139
SL: 51277
TP: 50702

Also, the Entry level is near yesterday's high which is at 51,200. A close below yesterday's high today can possibly cause price to start with sells tomorrow down to today's open at 50924, before price will decide if it will continue the sells lower or respect the low and reverse for buys.

Another possible short position entry is at 51264 which is the retest of the intraday trend support that price invalidated.
A retest of the trendline as a resistance, can offer a good opportunity for shorts, but the challenge with this entry is that price will be trading above the Key support level and might as well use it as a rebound to continue the buys instead of continuing downwards to 50700.
The SL will be best to place above the NFP's high (51505) at 51,520

Invalidation of the NFP's high will indicate price interest to go on a full bullish rally next week.