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US500 AROUND A MASSIVE ZONE
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 QUICK UPDATE!
As we mentioned in the previous analysis attached on the chart, price is still overall bullish from a long term perspective,
However, price approached our massive resistance zone, where we will be looking for bearish reversal setups.
And as we can see price formed a major swing low on H1, meanwhile, for the bears to kick in we need a break below the marked swing low,
Then a movement lower would be expected, till the lower rising trendline.
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 QUICK UPDATE!
As we mentioned in the previous analysis attached on the chart, price is still overall bullish from a long term perspective,
However, price approached our massive resistance zone, where we will be looking for bearish reversal setups.
And as we can see price formed a major swing low on H1, meanwhile, for the bears to kick in we need a break below the marked swing low,
Then a movement lower would be expected, till the lower rising trendline.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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