After sweeping liquidity near 1.1600, buyers reclaimed control and pushed price back into the upper half of the channel. Current compression beneath 1.1950–1.2000 resistance suggests accumulation before potential breakout. Structure remains bullish unless channel support fails.
Key Scenarios
✅ Bullish Case 🚀
• Hold above 1.1780
• 🎯 Target 1: 1.2000
• 🎯 Target 2: 1.2150
• 🎯 Target 3: 1.2250
❌ Bearish Case 📉
• Breakdown below 1.1780
• 🎯 Target 1: 1.1650
• 🎯 Target 2: 1.1500
• 🎯 Target 3: 1.1465
Current Levels to Watch
Resistance 🔴: 1.1950 – 1.2000
Support 🟢: 1.1780 – 1.1820
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
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Selena LIVE Market Capture
And LIVE Gold Signals here
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And LIVE Gold Signals here
t.me/Selenaforex
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.
