Hello guys!
It looks like a clear double top has formed on the chart, signaling potential bearish pressure. The neckline of this pattern has already been broken to the downside, confirming the reversal structure and adding weight to a potential move lower.
Currently, the price is sitting right on the lower boundary of the ascending channel. This is a key decision area, as long as the channel support holds, there’s still a chance for a short-term bounce. However, if this bottom trendline gives way, it would likely trigger a continuation of the bearish momentum that started after the double top confirmation.
If the breakdown happens, the next logical target sits around 0.3698, which aligns with previous structure support. A sustained move below that level could open the door for further downside, possibly toward the 0.3450–0.3500 zone.
In short:
✅ Double top confirmed → neckline broken
⚠️ Price testing channel support
🔻 Break below = potential short setup toward 0.3698 and lower
It looks like a clear double top has formed on the chart, signaling potential bearish pressure. The neckline of this pattern has already been broken to the downside, confirming the reversal structure and adding weight to a potential move lower.
Currently, the price is sitting right on the lower boundary of the ascending channel. This is a key decision area, as long as the channel support holds, there’s still a chance for a short-term bounce. However, if this bottom trendline gives way, it would likely trigger a continuation of the bearish momentum that started after the double top confirmation.
If the breakdown happens, the next logical target sits around 0.3698, which aligns with previous structure support. A sustained move below that level could open the door for further downside, possibly toward the 0.3450–0.3500 zone.
In short:
✅ Double top confirmed → neckline broken
⚠️ Price testing channel support
🔻 Break below = potential short setup toward 0.3698 and lower
Transaction en cours
Trade fermée: cible de profit atteinte
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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.
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Publications connexes
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.