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 now trading inside this falling channel from Daily time frame.
However, price is now around the lower bound of this channel acting as an over-sold zone, lining up with our previous major lows.
Acting as a minor support zone, then we will be looking for new longs
Meanwhile, for the bulls to kick in from a short-term perspective we need a new swing high to be formed around the falling trendline then a break,
As shown on the chart, then a further 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.
QUICK UPDATE ON KCS.
As we can see price is now trading inside this falling channel from Daily time frame.
However, price is now around the lower bound of this channel acting as an over-sold zone, lining up with our previous major lows.
Acting as a minor support zone, then we will be looking for new longs
Meanwhile, for the bulls to kick in from a short-term perspective we need a new swing high to be formed around the falling trendline then a break,
As shown on the chart, then a further 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!