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.
SUSHI, as we can see from daily time frame price is clearly overall bearish
However, price now is approaching massive and strong area where we will be searching for new longs
or- bullish reversal as shown in the picture
As we can see price is stuck inside this range
For a medium term bullish reversal we need a break above this major swing high and the upper bound of the range
From a short term perspective price broke above the major high and traded higher
For now what !?
For now we are trading inside this chanel from a short term for the bears to reclaim the control we need a new swing low to form or a break immediately below the major low
or- a break above the range as mentioned before
ENJOY THE SUSHI ANALYSIS !
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.
SUSHI, as we can see from daily time frame price is clearly overall bearish
However, price now is approaching massive and strong area where we will be searching for new longs
or- bullish reversal as shown in the picture
As we can see price is stuck inside this range
For a medium term bullish reversal we need a break above this major swing high and the upper bound of the range
From a short term perspective price broke above the major high and traded higher
For now what !?
For now we are trading inside this chanel from a short term for the bears to reclaim the control we need a new swing low to form or a break immediately below the major low
or- a break above the range as mentioned before
ENJOY THE SUSHI ANALYSIS !
and as usual follow your trading plan and manage your risk.
Be patient and good luck!