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 LUNC
As we clearly see price is still around a strong resistance zone
However, price is now trading inside this symmetrical triangle, no for the bears to kick in we need a break below the marked major swing low.
From a short-term perspective
Then a further movement lower would be expected to test again our support zone
Unless price managed to break above our resistance and our major swing high then we would be bullish from a long term 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.
QUICK UPDATE ON LUNC
As we clearly see price is still around a strong resistance zone
However, price is now trading inside this symmetrical triangle, no for the bears to kick in we need a break below the marked major swing low.
From a short-term perspective
Then a further movement lower would be expected to test again our support zone
Unless price managed to break above our resistance and our major swing high then we would be bullish from a long term 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!
Note
TELEGRAM CHANNEL: t.me/Snipers_F_x
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.