ARB WHAT'S NEXT! SHORT TERM PERSPECTIVE
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 ARB,
As we can see previously price broke above our major swing high and traded higher.
However, price now is retesting our zone again, where we will be looking for new longs as a new bullish movement.
Meanwhile, price is trading inside this falling channel, and for the bulls to kick in we need a break above the marked swing high,
Then a further bullish movement would be expected.
Until that happens price is still overall bearish and price can still trade 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 ARB,
As we can see previously price broke above our major swing high and traded higher.
However, price now is retesting our zone again, where we will be looking for new longs as a new bullish movement.
Meanwhile, price is trading inside this falling channel, and for the bulls to kick in we need a break above the marked swing high,
Then a further bullish movement would be expected.
Until that happens price is still overall bearish and price can still trade 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!
Telegram channel:
t.me/Snipers_F_x
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.