US30 – H4 Chart Analysis
Price action currently forming Higher Highs and Higher Lows, confirming a bullish structure.
After the recent Higher High, price retraced back to the zone where it had previously formed a Higher Low.
📍 From this Higher Low to Higher High, a Fibonacci Retracement was applied.
✅ Entry taken from the 0.5 Fibonacci level, aligning with a potential bullish continuation.
🛑 Stop Loss (SL) placed just below the previous Higher Low for structure-based invalidation.
🎯 Risk to Reward: 1:1
Structure: Bullish
Strategy: Pullback Entry in Uptrend
Timeframe: H4
Tool: Fibonacci Retracement
Price action currently forming Higher Highs and Higher Lows, confirming a bullish structure.
After the recent Higher High, price retraced back to the zone where it had previously formed a Higher Low.
📍 From this Higher Low to Higher High, a Fibonacci Retracement was applied.
✅ Entry taken from the 0.5 Fibonacci level, aligning with a potential bullish continuation.
🛑 Stop Loss (SL) placed just below the previous Higher Low for structure-based invalidation.
🎯 Risk to Reward: 1:1
Structure: Bullish
Strategy: Pullback Entry in Uptrend
Timeframe: H4
Tool: Fibonacci Retracement
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.