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.
LUNC QUICK UPDATE
As we can see price is still overall bearish from a long-term perspective.
However, price is sitting now around a support zone, where we will be looking for new longs!
And as we can see price from a shorter-term perspective, is trading inside this channel.
And for the bulls to kick in and prove control again we need for the swing to be valid, then a break as shown on the chart,
Then a movement higher would be expected till the upper falling trendline.
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!