The chart shows a clear corrective structure inside a broader bearish channel.
Price formed a swing high (A) → impulsive selloff → deep retracement → another lower high (C).
The most recent move looks like a distribution / topping structure after a corrective bounce.
Overall bias: Bearish continuation unless invalidated.
📉 Trend & Pattern Analysis
Primary trend: Downtrend (lower highs, lower lows).
Recent move: Corrective bullish leg into resistance.
The price action near the current area resembles:
Bearish flag / rounding top
Possible lower-high formation
The curved white line suggests loss of bullish momentum, often seen before continuation moves.
📍 Key Levels
Resistance (Sell Zone)
1.3450 – 1.3468
Prior structure resistance
Supply zone highlighted in red
Ideal area for short entries
Invalidation above: ~1.3480
Support / Targets
1st Target: ~1.3415 – 1.3420
Minor structure support
Partial profit area
Final Target: ~1.3360 – 1.3370
Major demand zone
Previous swing low support
🧠 Trade Idea Logic (as drawn)
Entry: Near resistance after rejection
Stop-loss: Above the red zone highs
Targets:
TP1 at mid-range support
TP2 at channel/demand low
Risk-reward appears favorable (≈1:2 or better)
Price formed a swing high (A) → impulsive selloff → deep retracement → another lower high (C).
The most recent move looks like a distribution / topping structure after a corrective bounce.
Overall bias: Bearish continuation unless invalidated.
📉 Trend & Pattern Analysis
Primary trend: Downtrend (lower highs, lower lows).
Recent move: Corrective bullish leg into resistance.
The price action near the current area resembles:
Bearish flag / rounding top
Possible lower-high formation
The curved white line suggests loss of bullish momentum, often seen before continuation moves.
📍 Key Levels
Resistance (Sell Zone)
1.3450 – 1.3468
Prior structure resistance
Supply zone highlighted in red
Ideal area for short entries
Invalidation above: ~1.3480
Support / Targets
1st Target: ~1.3415 – 1.3420
Minor structure support
Partial profit area
Final Target: ~1.3360 – 1.3370
Major demand zone
Previous swing low support
🧠 Trade Idea Logic (as drawn)
Entry: Near resistance after rejection
Stop-loss: Above the red zone highs
Targets:
TP1 at mid-range support
TP2 at channel/demand low
Risk-reward appears favorable (≈1:2 or better)
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
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.