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Now price has broken below that support, which suggests:
The level may turn into resistance
A pullback to retest the zone is possible (pink path up)
Then potential continuation downward (bearish move)
In short: Support broke → possible retest → bearish continuation bias.
Don’t forget to like and share your thoughts in the comments! ❤️
Now price has broken below that support, which suggests:
The level may turn into resistance
A pullback to retest the zone is possible (pink path up)
Then potential continuation downward (bearish move)
In short: Support broke → possible retest → bearish continuation bias.
Don’t forget to like and share your thoughts in the comments! ❤️
Nota
The pair has been trading inside a large descending channel (falling parallel lines) for an extended period. Price previously rose strongly (bullish phase) along the lower part of the channel but has since rolled over and is now pressing lower.Overall structure favors bears, with momentum pointing toward further downside within the channel.
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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.