Entered a big long on US30 here.
Price bottomed. Showed a strong buying action and closed above swing low resistance.
Price continuation showing strong bullish momentum and pattern to breakout of previous trend line to the upside, potential for reaching the 4h high.
Stop loss set below the Candle entered --> shown on chart.
Planning to move stop loss to breakeven as soon as price breaks above 39032.
A good point to have entered would have been when candles failed to close below 38709 and sa soon as the 30 minute candle pushed (from testing below that level) up to confirm the buyers.
Price bottomed. Showed a strong buying action and closed above swing low resistance.
Price continuation showing strong bullish momentum and pattern to breakout of previous trend line to the upside, potential for reaching the 4h high.
Stop loss set below the Candle entered --> shown on chart.
Planning to move stop loss to breakeven as soon as price breaks above 39032.
A good point to have entered would have been when candles failed to close below 38709 and sa soon as the 30 minute candle pushed (from testing below that level) up to confirm the buyers.