On US100 4hr demand valley is in control @ 13103.67 and price is retesting bottom trendline acting as support even though price broke out in the hourly chart on higher timeframes failed to yet close below it.
I am long with targets at 4hr supply peak @ 13930.50 which has an hourly supply nested within it , with stops just below recent low giving me a risk reward of 1:3.8
Price has been in a decline for some time this may well be a retracement for a further move to the downside.
"You ought to know how to rise above the trivialities of life, in which most people are found drowning themselves."
-D.T. Suzuki.
I am long with targets at 4hr supply peak @ 13930.50 which has an hourly supply nested within it , with stops just below recent low giving me a risk reward of 1:3.8
Price has been in a decline for some time this may well be a retracement for a further move to the downside.
"You ought to know how to rise above the trivialities of life, in which most people are found drowning themselves."
-D.T. Suzuki.
Trade closed: target reached