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.
TON Bulls to take over!
As we can see price is still overall bearish from a long-term perspective trading inside this channel
However, price is now around a strong support zone, lining up with our lower bound of this channel acting as an over-sold zone!
Then from the bulls to kick in from a short-term perspective we need a break above the marked major swing high.
Then a movement higher would be expected.
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!