Coming off a strong week of movement, the market has given us a clean bearish setup.
Price is currently respecting the established downtrend, with structure continuing to favor downside continuation.
As long as price remains below the trendline, we’re looking for continuation toward:
Target 1: 0.68180
Target 2: 0.67650
However, if price breaks above the trendline, the focus shifts.
In that case, we want to see:
A clean break and close above the trendline
Followed by a retest holding as support
Additional confirmation, such as a break of previous highs
That would signal a potential shift in market structure and open the door for a bullish move.
As always, stay patient and let the market confirm — don’t anticipate.
If this breakdown aligns with your view, like, follow, and drop a pair you want analyzed next.
Price is currently respecting the established downtrend, with structure continuing to favor downside continuation.
As long as price remains below the trendline, we’re looking for continuation toward:
Target 1: 0.68180
Target 2: 0.67650
However, if price breaks above the trendline, the focus shifts.
In that case, we want to see:
A clean break and close above the trendline
Followed by a retest holding as support
Additional confirmation, such as a break of previous highs
That would signal a potential shift in market structure and open the door for a bullish move.
As always, stay patient and let the market confirm — don’t anticipate.
If this breakdown aligns with your view, like, follow, and drop a pair you want analyzed next.
~ Ace Trading Academy
Discord Link: discord.gg/E57RcHC7sR
Discord Link: discord.gg/E57RcHC7sR
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
~ Ace Trading Academy
Discord Link: discord.gg/E57RcHC7sR
Discord Link: discord.gg/E57RcHC7sR
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.