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US30 Scalping setup for 01/20/22
*Overall Sentiment is Bearish bc of interest rate talks. Price is currently in downtrend (Bearish)
1.Yesterday's NY session created a low
2. Resistance has formed since last two sessions, if price fails to break above 35244, it can continue bearish
3. If price breaks below 35108 and gives candle confirmation, price can retest the lows at 34990 to continue bearish trend
4.Price has been forming lower highs which indicates the bearish trend is still valid
1.Yesterday's NY session created a low
2. Resistance has formed since last two sessions, if price fails to break above 35244, it can continue bearish
3. If price breaks below 35108 and gives candle confirmation, price can retest the lows at 34990 to continue bearish trend
4.Price has been forming lower highs which indicates the bearish trend is still valid
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