💬 Structure: extended range trading → breakdown into a descending channel → recovery rally approaching overhead supply.
Price has climbed back toward a confluence of descending trend resistance and prior structure, where sellers previously regained control.
📌 Key levels
Resistance: 0.7055–0.7065
Support: 0.6990–0.7000
Failure to overcome the resistance band could invite renewed selling pressure toward lower channel support.
A decisive move above this area would weaken the bearish structure and suggest a deeper recovery.
Price has climbed back toward a confluence of descending trend resistance and prior structure, where sellers previously regained control.
📌 Key levels
Resistance: 0.7055–0.7065
Support: 0.6990–0.7000
Failure to overcome the resistance band could invite renewed selling pressure toward lower channel support.
A decisive move above this area would weaken the bearish structure and suggest a deeper recovery.
Traders, if you like this idea, please leave your thoughts in the comments. I look forward to reading your ideas!
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。