Hi!
Pattern: Price is moving inside an ascending channel and has completed a three-drives pattern.
Zone: The market is hitting a major Supply & Demand (S&D) zone at $65,600, showing signs of rejection.
Bias: Bearish. The focus is on short positions aiming for the lower channel support near $62,500, unless a clean breakout above resistance invalidates the move.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
Pattern: Price is moving inside an ascending channel and has completed a three-drives pattern.
Zone: The market is hitting a major Supply & Demand (S&D) zone at $65,600, showing signs of rejection.
Bias: Bearish. The focus is on short positions aiming for the lower channel support near $62,500, unless a clean breakout above resistance invalidates the move.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.