Price is currently trading below a key support zone, which previously acted as strong demand.
This level has now turned into resistance (S/R flip).
Key Levels
Resistance: 1.55 – 1.65
Major Resistance: 2.00
Support: 1.20 – 1.25
Downside Target: 0.85 – 0.90
Scenario 1 – Bearish Continuation
As long as price remains below 1.55, the bias stays bearish.
Failure to reclaim this level increases the probability of a move toward 0.85, which aligns with previous demand on the higher timeframe.
Scenario 2 – Bullish Recovery
A clean weekly close above 1.55–1.65 would invalidate the bearish scenario.
In that case, price could rotate back toward 2.00, where heavy resistance is expected.
Conclusion
This is a high-timeframe decision zone.
Patience is key — wait for confirmation instead of anticipating the move.
What do you think: breakdown continuation or reclaim of resistance?
MrC
This level has now turned into resistance (S/R flip).
Key Levels
Resistance: 1.55 – 1.65
Major Resistance: 2.00
Support: 1.20 – 1.25
Downside Target: 0.85 – 0.90
Scenario 1 – Bearish Continuation
As long as price remains below 1.55, the bias stays bearish.
Failure to reclaim this level increases the probability of a move toward 0.85, which aligns with previous demand on the higher timeframe.
Scenario 2 – Bullish Recovery
A clean weekly close above 1.55–1.65 would invalidate the bearish scenario.
In that case, price could rotate back toward 2.00, where heavy resistance is expected.
Conclusion
This is a high-timeframe decision zone.
Patience is key — wait for confirmation instead of anticipating the move.
What do you think: breakdown continuation or reclaim of resistance?
MrC
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.