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.
QUICK UPDATE ON KCS.
As we can see price is still overall bearish from a Medium and Short-term perspective.
However, price is sitting around a support zone lining up with the lower bound of the channel acting as an over-sold zone,
Where we will be looking for new longs as a correction movements.
And for the bulls to kick in we need a break above the marked swing high, then a movement higher would be expected till the upper falling trendline.
Until that price is still overall bearish and price can still dive lower before reversal.
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.
QUICK UPDATE ON KCS.
As we can see price is still overall bearish from a Medium and Short-term perspective.
However, price is sitting around a support zone lining up with the lower bound of the channel acting as an over-sold zone,
Where we will be looking for new longs as a correction movements.
And for the bulls to kick in we need a break above the marked swing high, then a movement higher would be expected till the upper falling trendline.
Until that price is still overall bearish and price can still dive lower before reversal.
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!