🔹 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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.