Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ZOOMED OUT PICTURE ON KCS.
As we can see price is still overall bearish trading inside the outer falling channel, However, Price is still around a massive support level lining up with our lower bound of the channel acting as an Over-Sold zone Where we will be looking for new longs as well.
Meanwhile, for the bulls to start any bullish correction movement we need a break above the marked major swing high and round number 5.
If we had this break, then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ZOOMED OUT PICTURE ON KCS.
As we can see price is still overall bearish trading inside the outer falling channel, However, Price is still around a massive support level lining up with our lower bound of the channel acting as an Over-Sold zone Where we will be looking for new longs as well.
Meanwhile, for the bulls to start any bullish correction movement we need a break above the marked major swing high and round number 5.
If we had this break, then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!