💬 Structure: extended range trading → breakdown into a descending channel → recovery rally approaching overhead supply.
Price has climbed back toward a confluence of descending trend resistance and prior structure, where sellers previously regained control.
📌 Key levels
Resistance: 0.7055–0.7065
Support: 0.6990–0.7000
Failure to overcome the resistance band could invite renewed selling pressure toward lower channel support.
A decisive move above this area would weaken the bearish structure and suggest a deeper recovery.
Price has climbed back toward a confluence of descending trend resistance and prior structure, where sellers previously regained control.
📌 Key levels
Resistance: 0.7055–0.7065
Support: 0.6990–0.7000
Failure to overcome the resistance band could invite renewed selling pressure toward lower channel support.
A decisive move above this area would weaken the bearish structure and suggest a deeper recovery.
Traders, if you like this idea, please leave your thoughts in the comments. I look forward to reading your ideas!
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.