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.
LIT OVERALL BULLISH THEN WHAT!
As we can see price is trading inside this rising broadening wedge pattern from a medium term perspective.
Moreover, price is sitting around our lower rising trendline, lining up with our previous major highs acting as a minor support zone, where we will be looking for new bullish impulse.
Meanwhile, on H4 time frame price is still bearish, and for the bulls to take over we need a break above the marked major swing high, 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.
LIT OVERALL BULLISH THEN WHAT!
As we can see price is trading inside this rising broadening wedge pattern from a medium term perspective.
Moreover, price is sitting around our lower rising trendline, lining up with our previous major highs acting as a minor support zone, where we will be looking for new bullish impulse.
Meanwhile, on H4 time frame price is still bearish, and for the bulls to take over we need a break above the marked major swing high, 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!