US 500Long
CLEAN STRUCTURE ON US500
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 US500
Us500 is still around a strong support zone lining up with a rising trendline from Daily time frame, where we are still looking for new longs as we did before in our analysis.
For now, price is still overall bearish trading inside this channel, and for the bulls to kick in again, we need a momentum candle close above the marked major swing high, then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
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 US500
Us500 is still around a strong support zone lining up with a rising trendline from Daily time frame, where we are still looking for new longs as we did before in our analysis.
For now, price is still overall bearish trading inside this channel, and for the bulls to kick in again, we need a momentum candle close above the marked major swing high, then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
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
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