🕰 Weekly View
Price remains under the weekly downtrend, with structure holding below new resistance at 0.84. Market continues to respect the wedge pattern, with downside pressure aiming toward 0.78–0.79 weekly demand.
📉 Daily Structure
Resistance: 0.82–0.84 supply block.
Support: 0.78–0.79 demand zone.
Price is stuck in compression — either we sweep into resistance for rejection lower, or break above wedge to shift momentum bullish.
⏱ 4H Breakdown
Price is consolidating inside a wedge formation. Overhead resistance sits at 0.80–0.805, while a clean break below wedge support opens the door toward 0.79–0.788 demand.
🔎 Outlook
Bias remains bearish while under 0.82 resistance, with potential pullback into 0.79 demand. However, a breakout above 0.82–0.84 could flip structure bullish.
Bias: Bearish pressure → mid-term bearish unless breakout above 0.82–0.84.
Price remains under the weekly downtrend, with structure holding below new resistance at 0.84. Market continues to respect the wedge pattern, with downside pressure aiming toward 0.78–0.79 weekly demand.
📉 Daily Structure
Resistance: 0.82–0.84 supply block.
Support: 0.78–0.79 demand zone.
Price is stuck in compression — either we sweep into resistance for rejection lower, or break above wedge to shift momentum bullish.
⏱ 4H Breakdown
Price is consolidating inside a wedge formation. Overhead resistance sits at 0.80–0.805, while a clean break below wedge support opens the door toward 0.79–0.788 demand.
🔎 Outlook
Bias remains bearish while under 0.82 resistance, with potential pullback into 0.79 demand. However, a breakout above 0.82–0.84 could flip structure bullish.
Bias: Bearish pressure → mid-term bearish unless breakout above 0.82–0.84.
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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.
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.