KCS is overall bullish and currently sitting around a strong support so we will be looking for buy setups.
on H4: KCS is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS can still trade lower to test the green support again. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on H4: KCS is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS can still trade lower to test the green support again. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
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www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal