US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline,
I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity,
I am targeting two main levels for take profit:
First target: 43700 (minor resistance).
Second target: 44000 (psychological level).
My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support,
Trade Setup:
Buy Entry: Above 43346 on a confirmed breakout.
Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline).
Take Profit 1: 43700
Take Profit 2: 44000
This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade!
Best of luck!