US30 long
Here is why:
- Price broke all time highs, therefore there is evidence of price going higher
- The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher.
- On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher.
- I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move.
- Price broke all time highs, therefore there is evidence of price going higher
- The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher.
- On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher.
- I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move.
Note
My target is 41,700
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