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.
KCS, as we clearly see price trading inside this broadening wedge channel
Recently price broke below our support, so we are now speculating a new bearish movement till the next support zone
As we can see our support is lining up with the lower trendline acting as as Bver-Bought area
where we will be searching for new longs as well
Until that price can still retest our resistance one more time before going lower
Or to break our resistance again then we will be bullish again
Let's take it step by step we are bearish and speulating new bearish movement till the next support as shown in the picture
And as usual follow your trading plan and manage your risk.
Be patient and good luck!