The chart shows a clear corrective structure inside a broader bearish channel.
Price formed a swing high (A) → impulsive selloff → deep retracement → another lower high (C).
The most recent move looks like a distribution / topping structure after a corrective bounce.
Overall bias: Bearish continuation unless invalidated.
📉 Trend & Pattern Analysis
Primary trend: Downtrend (lower highs, lower lows).
Recent move: Corrective bullish leg into resistance.
The price action near the current area resembles:
Bearish flag / rounding top
Possible lower-high formation
The curved white line suggests loss of bullish momentum, often seen before continuation moves.
📍 Key Levels
Resistance (Sell Zone)
1.3450 – 1.3468
Prior structure resistance
Supply zone highlighted in red
Ideal area for short entries
Invalidation above: ~1.3480
Support / Targets
1st Target: ~1.3415 – 1.3420
Minor structure support
Partial profit area
Final Target: ~1.3360 – 1.3370
Major demand zone
Previous swing low support
🧠 Trade Idea Logic (as drawn)
Entry: Near resistance after rejection
Stop-loss: Above the red zone highs
Targets:
TP1 at mid-range support
TP2 at channel/demand low
Risk-reward appears favorable (≈1:2 or better)
Price formed a swing high (A) → impulsive selloff → deep retracement → another lower high (C).
The most recent move looks like a distribution / topping structure after a corrective bounce.
Overall bias: Bearish continuation unless invalidated.
📉 Trend & Pattern Analysis
Primary trend: Downtrend (lower highs, lower lows).
Recent move: Corrective bullish leg into resistance.
The price action near the current area resembles:
Bearish flag / rounding top
Possible lower-high formation
The curved white line suggests loss of bullish momentum, often seen before continuation moves.
📍 Key Levels
Resistance (Sell Zone)
1.3450 – 1.3468
Prior structure resistance
Supply zone highlighted in red
Ideal area for short entries
Invalidation above: ~1.3480
Support / Targets
1st Target: ~1.3415 – 1.3420
Minor structure support
Partial profit area
Final Target: ~1.3360 – 1.3370
Major demand zone
Previous swing low support
🧠 Trade Idea Logic (as drawn)
Entry: Near resistance after rejection
Stop-loss: Above the red zone highs
Targets:
TP1 at mid-range support
TP2 at channel/demand low
Risk-reward appears favorable (≈1:2 or better)
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.