LUNC! CRITICAL ZONE
Hello everyone, I am Hadi Karaali, known as Sniper_FX
if you like the idea, do not forget to support with a like and follow.
LUNC, as we can see price is trading inside this channel making clean lower lows and lower highs
However, for now price is approaching a massive area
1-we are approaching the lower bound of the channel which is acting as a non-horizontal support or over-sold area
2-Also we are approaching strong support zone
So as these confluences met this area high potential to be rejected
So as the price is approaching, we will be searching for the correction to start on lower time frame
Like a major swing high broken, trendline break, or any bullish reversal pattern
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
if you like the idea, do not forget to support with a like and follow.
LUNC, as we can see price is trading inside this channel making clean lower lows and lower highs
However, for now price is approaching a massive area
1-we are approaching the lower bound of the channel which is acting as a non-horizontal support or over-sold area
2-Also we are approaching strong support zone
So as these confluences met this area high potential to be rejected
So as the price is approaching, we will be searching for the correction to start on lower time frame
Like a major swing high broken, trendline break, or any bullish reversal pattern
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
t.me/Snipers_F_x
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.