US30 is making its way back towards yesterday's high, presenting us with a potential opportunity to capitalize on the medium-term bearish trend. I'll be keeping a close eye on the 38000 level, as its ability to hold will determine my entry into a short position.
My target for this trade is the first support at 37600, with a further hold for 37250 if the market continues its downward trend. It's important to manage risks carefully to protect our capital while aiming for profitable outcomes.
Let's trade wisely and make the most of this setup!