Hello guys!
The chart is shaping into a classic three-drives pattern.
We already saw the first drive and the second drive, complete with similar extensions.
Now, the market seems to be setting up for the third drive lower, which could push the price into the 0.000110 – 0.000115 area.
If this structure works out, that zone may provide a potential reaction or reversal point. For now, momentum remains bearish until the third leg completes.
Plan:
Bearish bias short-term, looking for the next drive to the downside.
The chart is shaping into a classic three-drives pattern.
We already saw the first drive and the second drive, complete with similar extensions.
Now, the market seems to be setting up for the third drive lower, which could push the price into the 0.000110 – 0.000115 area.
If this structure works out, that zone may provide a potential reaction or reversal point. For now, momentum remains bearish until the third leg completes.
Plan:
Bearish bias short-term, looking for the next drive to the downside.
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🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
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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.
🟢 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
Pubblicazioni correlate
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.