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.
US500 OVER-BOUGHT ZONE. 📚
👉As we can see price is still overall bullish trading inside this channel from a Long-term perspective, making clean higher highs and higher lows as well.
👉However, price is still sitting around our upper bound of this channel acting as an over-bought zone, where we will be looking for new bearish movements as a correction one.
👉Meanwhile, from a short-term perspective, price is still overall bullish as well, and for the bears to kick in we need a break below the marked swing low on M30 TF, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
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.
US500 OVER-BOUGHT ZONE. 📚
👉As we can see price is still overall bullish trading inside this channel from a Long-term perspective, making clean higher highs and higher lows as well.
👉However, price is still sitting around our upper bound of this channel acting as an over-bought zone, where we will be looking for new bearish movements as a correction one.
👉Meanwhile, from a short-term perspective, price is still overall bullish as well, and for the bears to kick in we need a break below the marked swing low on M30 TF, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
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!