Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over, we need a break above the last major high in gray.
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 bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over, we need a break above the last major high in gray.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.