📉 Technical Breakdown:
1. Resistance Zone (Supply Zone) — 1.15700 to 1.15950
> Price was previously rejected strongly from this area, confirming it as a strong supply/resistance zone.
> Multiple rejections from this level indicate the presence of strong sellers.
2. Current Price Action:
> After retesting the resistance area, price is now dropping with momentum, forming strong bearish candles.
> The blue arrows show an expected continuation downward.
3. Retrace Target Area (Short-term Target) — 1.14685 to 1.14593
> This zone is likely the next support level or liquidity pool, where price might temporarily stall or bounce.
>It could be a profit-taking zone for intraday/swing sellers.
4. Previous Low / Major Support Zone — Around 1.14000 to 1.13917
> This purple box marks the previous significant low, which is a key bearish target.
> A break below this level would confirm a strong bearish trend continuation on a higher timeframe.
🧠 Trade Idea:
✅ Sell Setup in Play
Entry: Already in motion after rejection from the 1.15700–1.15950 zone
# TP1: 1.14685 (retracement target zone)
# TP2: 1.14000 area (previous low)
# SL Idea: Above 1.1600 (above resistance wick for safe margin)
✅ Conclusion:
> This chart shows a clear bearish market structure with room for downside.
> Expect continuation to 1.1468, then possibly to 1.1400, unless buyers step in around the retrace zone.
> Solid opportunity for trend-following short trades.
1. Resistance Zone (Supply Zone) — 1.15700 to 1.15950
> Price was previously rejected strongly from this area, confirming it as a strong supply/resistance zone.
> Multiple rejections from this level indicate the presence of strong sellers.
2. Current Price Action:
> After retesting the resistance area, price is now dropping with momentum, forming strong bearish candles.
> The blue arrows show an expected continuation downward.
3. Retrace Target Area (Short-term Target) — 1.14685 to 1.14593
> This zone is likely the next support level or liquidity pool, where price might temporarily stall or bounce.
>It could be a profit-taking zone for intraday/swing sellers.
4. Previous Low / Major Support Zone — Around 1.14000 to 1.13917
> This purple box marks the previous significant low, which is a key bearish target.
> A break below this level would confirm a strong bearish trend continuation on a higher timeframe.
🧠 Trade Idea:
✅ Sell Setup in Play
Entry: Already in motion after rejection from the 1.15700–1.15950 zone
# TP1: 1.14685 (retracement target zone)
# TP2: 1.14000 area (previous low)
# SL Idea: Above 1.1600 (above resistance wick for safe margin)
✅ Conclusion:
> This chart shows a clear bearish market structure with room for downside.
> Expect continuation to 1.1468, then possibly to 1.1400, unless buyers step in around the retrace zone.
> Solid opportunity for trend-following short trades.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.