Description
⋅ 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.
KCS AROUND A STRONG RESISTANCE
As we can see price is still overall clearly bullish trading inside this channel
Price is clearly making clean higher highs and higher lows.
However, price is approaching a strong resistance zone, where we are speculating a bearish reversal
For the bears to kick in we need a new swing low to be formed around the trendline then a break
As shown in the picture
Until that happens, we are still bullish, and price can still trade higher and higher
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!