Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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US500 QUICK UPDATE!
As we mentioned in the previous analysis attached on the chart, price is still overall bullish from a long term perspective,
However, price approached our massive resistance zone, where we will be looking for bearish reversal setups.
And as we can see price formed a major swing low on H1, meanwhile, for the bears to kick in we need a break below the marked swing low, Then a movement lower would be expected, till the lower rising trendline.
1-2 Risk To Reward Ratio from a risk management perspective.
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and as usual follow your trading plan and manage your risk.
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