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Now price has broken below that support, which suggests:
The level may turn into resistance
A pullback to retest the zone is possible (pink path up)
Then potential continuation downward (bearish move)
In short: Support broke → possible retest → bearish continuation bias.
Don’t forget to like and share your thoughts in the comments! ❤️
Now price has broken below that support, which suggests:
The level may turn into resistance
A pullback to retest the zone is possible (pink path up)
Then potential continuation downward (bearish move)
In short: Support broke → possible retest → bearish continuation bias.
Don’t forget to like and share your thoughts in the comments! ❤️
Nota
The pair has been trading inside a large descending channel (falling parallel lines) for an extended period. Price previously rose strongly (bullish phase) along the lower part of the channel but has since rolled over and is now pressing lower.Overall structure favors bears, with momentum pointing toward further downside within the channel.
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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.