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The Setup: Bearish Rejection
Context: The pair has been climbing within an ascending channel (orange lines) following a strong bounce from the Support Zone near 112.141.
Resistance Confluence: Price has now entered a "Supply Zone" (green box) that aligns with a historical Resistance Zone at approximately 114.770.
The Signal: The label "Look for Shorts" identifies this intersection of the channel's upper boundary and the horizontal supply zone as a high-probability area for a price drop.
Key Levels to Watch
Resistance: 114.770 serves as the primary barrier where selling pressure is expected to increase.
Support Target: If the reversal triggers, the red arrow suggests a move back toward the lower channel boundary or the 112.655 level.
Don’t forget to like and share your thoughts in the comments! ❤️
The Setup: Bearish Rejection
Context: The pair has been climbing within an ascending channel (orange lines) following a strong bounce from the Support Zone near 112.141.
Resistance Confluence: Price has now entered a "Supply Zone" (green box) that aligns with a historical Resistance Zone at approximately 114.770.
The Signal: The label "Look for Shorts" identifies this intersection of the channel's upper boundary and the horizontal supply zone as a high-probability area for a price drop.
Key Levels to Watch
Resistance: 114.770 serves as the primary barrier where selling pressure is expected to increase.
Support Target: If the reversal triggers, the red arrow suggests a move back toward the lower channel boundary or the 112.655 level.
Don’t forget to like and share your thoughts in the comments! ❤️
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.
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.