25-5-2020 - Monday Analysis - H4 US30 - Upside Break
On Monday's Open, price has rejected the Institutional Level 24500 and the EMA 14 to continue pushing higher towards the Institutional level 24750 (Range Top) which price has previously rejected strongly from this Level.
On the Daily TF, I also have a Bullish Tideshift in play. So I will be paying attention to whether price can break above the 24750 - 25000 level which would have further validate the Bullish Tideshift aiming at the Daily EMA 200 at 25500 level.
Bias = Bullish
Structure = Breakout of range, looking for clear retest
Setup = No
I will not trade this pair for today as it is US Bank Holiday. Furthermore, I'll prefer to wait for clearer price action before deciding to look for a setup.
On the Daily TF, I also have a Bullish Tideshift in play. So I will be paying attention to whether price can break above the 24750 - 25000 level which would have further validate the Bullish Tideshift aiming at the Daily EMA 200 at 25500 level.
Bias = Bullish
Structure = Breakout of range, looking for clear retest
Setup = No
I will not trade this pair for today as it is US Bank Holiday. Furthermore, I'll prefer to wait for clearer price action before deciding to look for a setup.
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