Price is currently respecting an ascending channel but showing signs of weakness near the upper boundary. A rejection from this zone indicates potential downside continuation.
🔹 Entry Idea: After rejection / confirmation near resistance
🔹 Stop Loss: Above recent highs / channel resistance
🔹 Targets:
* TP1: 1.1640 area (mid support)
* TP2: 1.1520 demand zone
Market structure suggests a possible shift from bullish momentum to bearish correction. Waiting for confirmation before entry is key.
Trade safe and manage your risk.
🔹 Entry Idea: After rejection / confirmation near resistance
🔹 Stop Loss: Above recent highs / channel resistance
🔹 Targets:
* TP1: 1.1640 area (mid support)
* TP2: 1.1520 demand zone
Market structure suggests a possible shift from bullish momentum to bearish correction. Waiting for confirmation before entry is key.
Trade safe and manage your risk.
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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.
Join Telegram for learning & ideas”
t.me/+i8E8p5mN56c1YTI0
t.me/+i8E8p5mN56c1YTI0
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.