KCS LONG AND SHORT-TERM PERSPECTIVES

تم تحديثه
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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KCS QUICK UPDATE

As we mentioned last time in the Text analysis, price is still around our resistance zone.

1- For the bulls to kick in from a long-term perspective, and to have a shift in momentum from bearish to bullish we need a break above the resistance and the marked major swing high marked in the picture

Since we are still around a resistance zone, we will be speculating a correction movement before the next bullish movement to start around the lower rising trendline.

For now, price is still overall bullish, and for the bears to kick in from a short term we need a break below the marked swing low lining up with the previous swing highs.
Then a movement lower would be expected as we mentioned till the lower rising trendline where we will be looking for new longs.

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!
ملاحظة
Telegram channel: t.me/Snipers_F_x
Chart PatternsSupport and ResistanceTrend Analysis

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