Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area in red is a strong support zone.
Before we buy, as usual, we need the bulls to prove to us that they are strong enough to take over.
As per my trading style:
I will be waiting for a third swing high to form around the upper red trendline to consider it valid then buy on its break upward. Then I will be adding more longs after a break above the upper green zone.
Meanwhile, until the buy is activated, KCS can still dive inside the red zone before trading higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area in red is a strong support zone.
Before we buy, as usual, we need the bulls to prove to us that they are strong enough to take over.
As per my trading style:
I will be waiting for a third swing high to form around the upper red trendline to consider it valid then buy on its break upward. Then I will be adding more longs after a break above the upper green zone.
Meanwhile, until the buy is activated, KCS can still dive inside the red zone before trading higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal