Market Structure
Trend: Bullish (ascending channel)
Strong bullish impulse followed by healthy consolidation
Price holding above short-term support near 1.1769–1.1775
🔹 Entry Zone
Buy Area: 1.1770 – 1.1780
(Retest of minor structure + channel support confluence)
🎯 Target
Primary Target: 1.1819
(Channel resistance / projected measured move)
Projected move offers a favorable risk-to-reward setup (~1:2+).
❌ Invalidation
Clean break and close below 1.1769
Deeper move outside the channel would weaken bullish bias
Summary
Bias remains bullish as long as price respects the ascending channel. A pullback toward the highlighted support zone could provide continuation opportunities toward 1.1820 resistance.
Trend: Bullish (ascending channel)
Strong bullish impulse followed by healthy consolidation
Price holding above short-term support near 1.1769–1.1775
🔹 Entry Zone
Buy Area: 1.1770 – 1.1780
(Retest of minor structure + channel support confluence)
🎯 Target
Primary Target: 1.1819
(Channel resistance / projected measured move)
Projected move offers a favorable risk-to-reward setup (~1:2+).
❌ Invalidation
Clean break and close below 1.1769
Deeper move outside the channel would weaken bullish bias
Summary
Bias remains bullish as long as price respects the ascending channel. A pullback toward the highlighted support zone could provide continuation opportunities toward 1.1820 resistance.
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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.
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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.