Market Structure Overview
Price is respecting a well-defined ascending channel.
Higher lows are forming along dynamic trendline support.
Recent pullback tapped into the 1.1772–1.1780 support zone, aligning with Supertrend and prior structure.
Price is now compressing below horizontal resistance near 1.1800–1.1810.
Key Levels
Resistance / Target Zone: 1.1808 – 1.1810
Previous swing high liquidity.
Psychological 1.1800 level just below.
Break above opens continuation toward upper channel boundary.
Entry Zone: 1.1785 – 1.1788
Mid-range support.
Above structural higher low.
Support Zone: 1.1772 – 1.1778
Demand + trendline confluence.
Holding this zone maintains bullish bias.
Invalidation / Stop Loss: Below 1.1768
Break below would shift short-term structure bearish.
Bullish Scenario
If price:
Holds above 1.1775
Breaks and closes above 1.1800
→ Expect continuation toward 1.1808–1.1815 and possibly upper channel expansion.
Bearish Scenario
If price:
Breaks below 1.1770
→ Likely pullback toward 1.1750–1.1745 (channel base retest).
Overall Bias
Short-term bullish continuation setup while price remains inside the ascending channel and above 1.1770 support.
Price is respecting a well-defined ascending channel.
Higher lows are forming along dynamic trendline support.
Recent pullback tapped into the 1.1772–1.1780 support zone, aligning with Supertrend and prior structure.
Price is now compressing below horizontal resistance near 1.1800–1.1810.
Key Levels
Resistance / Target Zone: 1.1808 – 1.1810
Previous swing high liquidity.
Psychological 1.1800 level just below.
Break above opens continuation toward upper channel boundary.
Entry Zone: 1.1785 – 1.1788
Mid-range support.
Above structural higher low.
Support Zone: 1.1772 – 1.1778
Demand + trendline confluence.
Holding this zone maintains bullish bias.
Invalidation / Stop Loss: Below 1.1768
Break below would shift short-term structure bearish.
Bullish Scenario
If price:
Holds above 1.1775
Breaks and closes above 1.1800
→ Expect continuation toward 1.1808–1.1815 and possibly upper channel expansion.
Bearish Scenario
If price:
Breaks below 1.1770
→ Likely pullback toward 1.1750–1.1745 (channel base retest).
Overall Bias
Short-term bullish continuation setup while price remains inside the ascending channel and above 1.1770 support.
JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
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 MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
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.