🔹 Market Structure & Price Action:
The price has been trending upwards inside a rising channel, forming higher highs and higher lows.
Recently, price tapped into a key resistance zone (black box), indicating a potential reversal.
A possible bearish correction could unfold from this level.
📉 Bearish Scenario:
If the price fails to hold the resistance, a bearish rejection could drive price downward.
The first major support target aligns with the previous demand zone around 1.10700.
A further drop could test the 1.09100 support area, as shown in the green zones.
📈 Bullish Alternative:
A break and hold above resistance could invalidate the bearish setup and signal further upside movement.
🔻 Trading Plan:
Sell bias near resistance with confirmations (e.g., rejection wicks, bearish engulfing, trendline break).
Targeting the marked support levels.
Invalidation if price breaks and closes above the resistance.
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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.