Price respected a rising channel structure and finally gave a strong breakout above the resistance / seller zone, showing bullish momentum.
After the breakout, price is now reacting at the previous seller zone, which can act as a retest area before the next move.
🔹 Buyer Zone: 1.1640 – 1.1650 (possible support on pullback)
🔹 Seller Zone: 1.1685 – 1.1700 (previous resistance)
🔹 Breakout Confirmation: Strong bullish candle close above resistance
🔹 Target (TP): 1.1648 (marked on chart)
🔹 Bias: Short-term pullback → continuation possible
📌 Plan:
Wait for price to retest the seller zone and look for confirmation (rejection / structure break) before entering.
If buyer zone holds, bullish continuation is still valid.
⚠️ Risk Management: Always use stop-loss and manage risk properly.
After the breakout, price is now reacting at the previous seller zone, which can act as a retest area before the next move.
🔹 Buyer Zone: 1.1640 – 1.1650 (possible support on pullback)
🔹 Seller Zone: 1.1685 – 1.1700 (previous resistance)
🔹 Breakout Confirmation: Strong bullish candle close above resistance
🔹 Target (TP): 1.1648 (marked on chart)
🔹 Bias: Short-term pullback → continuation possible
📌 Plan:
Wait for price to retest the seller zone and look for confirmation (rejection / structure break) before entering.
If buyer zone holds, bullish continuation is still valid.
⚠️ Risk Management: Always use stop-loss and manage risk properly.
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