US500 AROUND A MASSIVE ZONE

17 ก.ค. 2023

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.

US500 BEARISH REVERSAL FORMED!

As we can see price is still overall bullish trading inside this channel making clean new highs and higher lows.

However, price approached a massive resistance zone,

Where we will be looking for new bearish movements.

Meanwhile, for the bears to kick in we need a break below the marked swing low

Then a movement lower would be expected, And as usual 1-2 risk to reward ratio from a risk management perspective.


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!