MATIC CORRECTION MOVEMENT

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.

MATIC APPROACHING OUR SUPPORT AGAIN!


As we can see price is trading inside this falling channel making clean lower lows and lower highs.

Meanwhile, price is approaching a strong support zone, where we will be looking for new longs.

Moreover, and as per my trading plan, i will be waiting for a new swing high to be formed around our falling trendline then a break, if this happens, then a movement higher again would be expected.

Until that price is still overall bearish and can still trade lower.


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!