US30 recently breakout of a bearish channel structure.
It retested 30.100 area , which was a resistance area turned to support.
A new Higher high was made
Throughout Mondays sessions the price was playing around the same area , basically ranging.
But because support level of 30.100 has been strong , I am seeing a continuation towards the upside .
The main take profit will be on the previous weeks high, but I have a couple of places I am willing to take profit as this is a swing trade.
I trust you will be able to take the opportunity's based on the continuation patterns and the TP I have presented.
GOOD LUCK!!! WISHING YOU ALL THE BEST ON THE FIRST WEEK OF TRADING IN FEBRUARY 2021
It retested 30.100 area , which was a resistance area turned to support.
A new Higher high was made
Throughout Mondays sessions the price was playing around the same area , basically ranging.
But because support level of 30.100 has been strong , I am seeing a continuation towards the upside .
The main take profit will be on the previous weeks high, but I have a couple of places I am willing to take profit as this is a swing trade.
I trust you will be able to take the opportunity's based on the continuation patterns and the TP I have presented.
GOOD LUCK!!! WISHING YOU ALL THE BEST ON THE FIRST WEEK OF TRADING IN FEBRUARY 2021