Im taking a short position based on the 4H pinbar.
It has also retested the trendline once.
A break of 124.3 will send it further down to 123.1.
Taking a small position here as the R/R seems good for me.
I know its too early to be drawing a H&S pattern but its worth a shot as I'm bearish on this market. Its good to have a trading plan so when price moves according to my chart so I know what to do.
The momentum is strong for US30 and it has been respecting its trendline for quite some time. I'm noticing some form of exhaustion coming since that first wave of...