US30 - Will Cross The Breakout

١٢ يونيو ٢٠٢٤

The price is currently trading above the support level of 38,730, which is expected to push the price upwards to 38,960 and 39,065. This zone is very strong, so a break above it, confirmed by the closing of a 4-hour candle, will likely lead to a rise towards 39,255. The overall direction will be upward-trending. However, if the price stabilizes below 38,730, it may decline to 38,460 and potentially further to 38,210.

Today, there is a critical sequence of events, beginning in the morning with the release of the pivotal Consumer Price Index (CPI) reading for May, followed by the Federal Reserve's policy meeting in the afternoon. Both events are expected to have a significant impact on the market.


Tendency: Long 38730
Target station: (38960, 39065, 39255).

١٢ يونيو ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

the price crossed the breakout zone, which is a strong zone and closed 4H candle above it. Currently, the price is making a correction After this process is over, it will rise again to 39255. but beware any stabilizing under 38960 by closing 4H candle; the price will move between this level and 38730.