Why i think US30 will have another leg up!!
Look at the time horizon of the bigger picture we see clearly structure is being maintained to upside,on the Daily Timeframe!!
As we break down to a lower timeframe, which gives us the direction of our potential move, we clearly see nice rejection on the 38.2 fib level also in confluence with the breakout which act as support now
So if you combine the daily trend trajectory plus the H4 timeframe fib level, breakout retest. give us a nice risk to reward to upside
H1 timeframe we see a nice buying momentum coming in!!
Follow me for more simple breakdown!!
Look at the time horizon of the bigger picture we see clearly structure is being maintained to upside,on the Daily Timeframe!!
As we break down to a lower timeframe, which gives us the direction of our potential move, we clearly see nice rejection on the 38.2 fib level also in confluence with the breakout which act as support now
So if you combine the daily trend trajectory plus the H4 timeframe fib level, breakout retest. give us a nice risk to reward to upside
H1 timeframe we see a nice buying momentum coming in!!
Follow me for more simple breakdown!!
