This one is interesting… because it’s showing strength + hesitation at the same time.
After a clean bullish move, price reached the 1.618 zone and got rejected.
But instead of collapsing… it’s holding strong around the 0.786 level.
That’s important 👇
👉 Sellers tried… but couldn’t push it down aggressively
👉 Buyers are still defending the structure
For me, this looks like a pause, not a reversal.
If price stabilizes here and builds small higher lows,
we can see another push towards the 114.50 area (~170 pips).
I’m not jumping in blindly —
I want to see re-accumulation or a breakout candle before entry.
⚠️ If price drops below ~111.75, then momentum weakens.
My view:
Not finished yet… this move may just be taking a breath before continuation 🚀
After a clean bullish move, price reached the 1.618 zone and got rejected.
But instead of collapsing… it’s holding strong around the 0.786 level.
That’s important 👇
👉 Sellers tried… but couldn’t push it down aggressively
👉 Buyers are still defending the structure
For me, this looks like a pause, not a reversal.
If price stabilizes here and builds small higher lows,
we can see another push towards the 114.50 area (~170 pips).
I’m not jumping in blindly —
I want to see re-accumulation or a breakout candle before entry.
⚠️ If price drops below ~111.75, then momentum weakens.
My view:
Not finished yet… this move may just be taking a breath before continuation 🚀
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.