US30 long

16 Jul

Hello traders, I believe that there is potential upside for the pair and here is why:
Monthly, Weekly and Daily

• Price broke all time highs last week, and therefore, for now it seems that there is infinite potential to the upside for the pair.
  

4 hour

• Price has formed a bullish pattern (higher high). Using the fib tool, the -27.2 target has not been achieved yet which is at 40,500.
  
• If I am to enter the pair, then I expect a retest of 40,050 so that the pair collects orders before we move to the upside