1. Market Structure
The pair has broken below the ascending trendline, confirming a structure shift from bullish → bearish.
After the break, price is currently pulling back, forming a bearish retest pattern.
The trendline break is clean and decisive, indicating strong selling pressure.
2. Key Levels
🔴 Resistance / Supply Zone (Sell Area)
2.02425 – 2.03331
This is the zone price is expected to retest.
Contains previous support → now turned resistance.
Perfect for bears to re-enter.
🔵 Support Zones (Downside Targets)
2.00832
Nearest support, minor liquidity area.
1.99958
Strong psychological + structural support.
1.97959
Major D1 target.
Large liquidity pool.
Likely final destination if bearish momentum continues.
The pair has broken below the ascending trendline, confirming a structure shift from bullish → bearish.
After the break, price is currently pulling back, forming a bearish retest pattern.
The trendline break is clean and decisive, indicating strong selling pressure.
2. Key Levels
🔴 Resistance / Supply Zone (Sell Area)
2.02425 – 2.03331
This is the zone price is expected to retest.
Contains previous support → now turned resistance.
Perfect for bears to re-enter.
🔵 Support Zones (Downside Targets)
2.00832
Nearest support, minor liquidity area.
1.99958
Strong psychological + structural support.
1.97959
Major D1 target.
Large liquidity pool.
Likely final destination if bearish momentum continues.
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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.
✅FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/winlouhscalperchannel
t.me/winlouhscalperchannel
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.