NrG_Capital

The Fall of US30

Short
OANDA:US30USD   US Wall St 30
US30USD
US30 is rejecting a significant weekly resistance in confluence with an equilibrium level and 78.6% fib retracement level in the 25300 level. The 4hr shows a break from consolidation, although further confirmation (break of bullish structure) has yet to occur. Zooming into the 1hr timeframe we can see a clearer picture of broken consolidation awaiting a good-bye kiss (i.e. retest). Leave your feedback, comments please!

Disregard the scalping risk-reward ratio

GM
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