LUNC SHORT AND MEDIUM TERM!
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.
LUNC QUICK UPDATE
As we clearly see price is still overall bearish trading inside this channel making clean lower lows and lower highs.
However, price is now sitting around a strong support zone, where we will be looking for new longs.
And for the bulls to kick in we need a break above the first neckline from a short-term perspective.
And a break above the upper major swing high from a medium term perspective, bear in mind price can still pull back due to the falling trendline, so we need a break above the trendline as well.
Until that happens price is 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.
LUNC QUICK UPDATE
As we clearly see price is still overall bearish trading inside this channel making clean lower lows and lower highs.
However, price is now sitting around a strong support zone, where we will be looking for new longs.
And for the bulls to kick in we need a break above the first neckline from a short-term perspective.
And a break above the upper major swing high from a medium term perspective, bear in mind price can still pull back due to the falling trendline, so we need a break above the trendline as well.
Until that happens price is 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
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