US30 ( BREAKOUT CHANNEL ) (4H)

Jul 24

US30

HELLO TRADERS

• Tendency , the price is under bearish pressure , after breakout channel .
  
  
• TURNING LEVEL : the price of turning level around 40,300 , so if the price breaking this level reach a first resistance level , as long as price trading below this level reach a first support level .
  
  
• RESISTANCE LEVEL (1) : this level around 40,674, for reach this resistance the price it will be breaking turning level .
  
  
• RESISTANCE LEVEL (2) : around 41,019 , for reach this level it will be breaking by open 4h candle above resistance level (1)
  
  
• SUPPORT LEVEL (1) : this level around 39,861 , for reach this support level the price need stabilizing below a turning level .
  
  
• SUPPORT LEVEL (2) : support level at 39,469, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
  
  
• CORRECTIVE : the price may be corrective turning level at 40,300 , before drooping .
  

TARGET LEVEL :

• RESISTANCE LEVEL :0.63 , 0.67 .
  
• SUPPORT LEVEL : 0.57 ,0.54 .