H4 outlook of US30
As I have mentioned in my previous post with the tricky movement of US30 in getting long-term direction. The H4 timeframe gives us a steady uptrend that has been forming but not categorized with major movement so if you going to trade it, be extremely careful.
In this trend we have 2 support trends, the main one(thick yellow line) the fake one(thin yellow line) movement has been bouncing off the fake one however when it breaks it breaks onto the main one, just like how it recently broke. So we will be anticipating movement to the main line the look for buys from there.
In this trend we have 2 support trends, the main one(thick yellow line) the fake one(thin yellow line) movement has been bouncing off the fake one however when it breaks it breaks onto the main one, just like how it recently broke. So we will be anticipating movement to the main line the look for buys from there.
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