Coming off a strong week of movement, the market has given us a clean bearish setup.
Price is currently respecting the established downtrend, with structure continuing to favor downside continuation.
As long as price remains below the trendline, we’re looking for continuation toward:
Target 1: 0.68180
Target 2: 0.67650
However, if price breaks above the trendline, the focus shifts.
In that case, we want to see:
A clean break and close above the trendline
Followed by a retest holding as support
Additional confirmation, such as a break of previous highs
That would signal a potential shift in market structure and open the door for a bullish move.
As always, stay patient and let the market confirm — don’t anticipate.
If this breakdown aligns with your view, like, follow, and drop a pair you want analyzed next.
Price is currently respecting the established downtrend, with structure continuing to favor downside continuation.
As long as price remains below the trendline, we’re looking for continuation toward:
Target 1: 0.68180
Target 2: 0.67650
However, if price breaks above the trendline, the focus shifts.
In that case, we want to see:
A clean break and close above the trendline
Followed by a retest holding as support
Additional confirmation, such as a break of previous highs
That would signal a potential shift in market structure and open the door for a bullish move.
As always, stay patient and let the market confirm — don’t anticipate.
If this breakdown aligns with your view, like, follow, and drop a pair you want analyzed next.
~ Ace Trading Academy
Discord Link: discord.gg/E57RcHC7sR
Discord Link: discord.gg/E57RcHC7sR
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
~ Ace Trading Academy
Discord Link: discord.gg/E57RcHC7sR
Discord Link: discord.gg/E57RcHC7sR
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.