US30 Reversal Trade Setup: Breakout StrategyMarket Analysis and Trade Plan
US30 has been in a downtrend, but we are identifying a potential reversal setup with a breakout above the descending trendline. Here’s the detailed trade plan:
Entry:
Look for a breakout above the descending trendline.
Confirmation of entry with a strong bullish candle closing above the resistance zone.
Stop Loss:
Place the stop loss just below the previous swing low, as indicated in the chart.
Take Profit:
The target is set at the next significant resistance level around 38,920, where the previous high is located.