US30 Seems to be forming the second 4h leg for a double top which confirms sells. Upon seeing that the first 4H leg broke below structure and closed bearish this looks like its resting this zone.
Upon seeing this on the 4h I zoomed in on the 5mins for an entry, where it had formed a double top @ 37730.00 zone and also retested this zone. A bearish Engulfing followed after a retesting of this zone. Where I entered@ 37730.000 with sl@37760.00 risking 30points.
TP1: 37600.00. TP2: 37550.00. TP3: 37300.00. TP4:37100.00. TP5: 36700.00
This trade may likely take a few days to Build Momentum. I will stay patient and stick to my Trading plan and take profits at targeted TP'S. I will also use strict Risk Management and actively manage trades accordingly.
Upon seeing this on the 4h I zoomed in on the 5mins for an entry, where it had formed a double top @ 37730.00 zone and also retested this zone. A bearish Engulfing followed after a retesting of this zone. Where I entered@ 37730.000 with sl@37760.00 risking 30points.
TP1: 37600.00. TP2: 37550.00. TP3: 37300.00. TP4:37100.00. TP5: 36700.00
This trade may likely take a few days to Build Momentum. I will stay patient and stick to my Trading plan and take profits at targeted TP'S. I will also use strict Risk Management and actively manage trades accordingly.