Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is sitting around a strong support zone (9.0 - 10.0), so we will be looking for buy setups on lower timeframes.
As per my trading style:
Since KCS is sitting around a support zone , I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Of course, unless the support is broken downward, in this case it would become resistance and further bearish movement would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS is sitting around a strong support zone (9.0 - 10.0), so we will be looking for buy setups on lower timeframes.
As per my trading style:
Since KCS is sitting around a support zone , I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Of course, unless the support is broken downward, in this case it would become resistance and further bearish movement would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal