US 30 price action is within a channel which recently bounced off the support after its 4 touch.
It is now in a strong momentum to the upside aiming to touch the channels resistance which could be around 31.600
US30 is trying to break into new highs as the American economy regains its strengths.
BIAS:
If the market can breakthrough 31.302 trendline acting as the resistance it will confirm to us the continuation of the up-trend.
Allowing you to entre on the retest.
Entry:
I have already entered the market on a buy as I am entering based on my strategy of entering on the lows.
I will end up scaling up after Resistance level of 31.302 is broken through and retested.
Checkout my YouTube channel for more better analysis:
youtube.com/channel/...5IB-e60ojptsdU0OEQCQ
It is now in a strong momentum to the upside aiming to touch the channels resistance which could be around 31.600
US30 is trying to break into new highs as the American economy regains its strengths.
BIAS:
If the market can breakthrough 31.302 trendline acting as the resistance it will confirm to us the continuation of the up-trend.
Allowing you to entre on the retest.
Entry:
I have already entered the market on a buy as I am entering based on my strategy of entering on the lows.
I will end up scaling up after Resistance level of 31.302 is broken through and retested.
Checkout my YouTube channel for more better analysis:
youtube.com/channel/...5IB-e60ojptsdU0OEQCQ