Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area 15.0-16.0 is a "Resistance turned into Support".
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline.
As per my trading style:
As KCS approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area 15.0-16.0 is a "Resistance turned into Support".
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline.
As per my trading style:
As KCS approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
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www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal