There are numerous reasons why US30 is going long.
Here's why;
- Monthly target of 36700 not yet achieved.
- Since the monthly target is not achieved yet, all price is doing is collecting orders before the uproar begins.
- Strong bullish weekly closure.
- From past experience I know that the previous day candle stick closure indicates that price is bullish.
- Three pin pattern on the 4h timeframe.
- Waiting for price to retest 36105 before moving up.
- Targets are at -27.2 fib level at 36300
Here's why;
- Monthly target of 36700 not yet achieved.
- Since the monthly target is not achieved yet, all price is doing is collecting orders before the uproar begins.
- Strong bullish weekly closure.
- From past experience I know that the previous day candle stick closure indicates that price is bullish.
- Three pin pattern on the 4h timeframe.
- Waiting for price to retest 36105 before moving up.
- Targets are at -27.2 fib level at 36300
Comment:
There are PMI news today at 3pm GMT. That is when I expect bullish momentum to kick in