US30 has been bullish for the past week or so.
On the daily we see a form of inverse head and shoulders forming.
On the 4 Hour timeframe I noticed new resistance being formed and price breaking bullish structure.
It currently looks like we could expect a head and shoulders, and if it plays out, it will complete the inverse head and shoulders on the daily chart.
We should look to short at the 61.8% retracement marked up by the resistance area.
Take profit should be at the neckline
Risk Management is Key!
CURRENCYCOM:US30
On the daily we see a form of inverse head and shoulders forming.
On the 4 Hour timeframe I noticed new resistance being formed and price breaking bullish structure.
It currently looks like we could expect a head and shoulders, and if it plays out, it will complete the inverse head and shoulders on the daily chart.
We should look to short at the 61.8% retracement marked up by the resistance area.
Take profit should be at the neckline
Risk Management is Key!
CURRENCYCOM:US30