US30 Long- 4 strong Confluences!
Updated
I am looking to go Long on US30 as the Entry point i have provided contains 4 amazingly strong confluences. The Fibonacci Retracement to the 78.6% level matches with previous Resistance and Support now acting as Support upon the test; Counter Trendline is also positioned perfectly to the Entry. Finally, if we are looking to carry on the previous Higher Low then this is the perfect level to be going long to continue to 28400 for a Correction.
Trade active
Trade has just hit entryTrade active
Beautiful wickfished entry! hardly any drawdown.Note
the stop loss on this trade wasnt for reference as this is a very volatile market. Im sorry i didnt make that clear enough. id have SL around 25200-300 areaNote
if your stop was at 25200 you have just saved yourself and the market is looking to reverse from here.
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.