Hi!
Price is currently sitting right at the lower boundary of the triangle, showing compression and weakening momentum.
Price is compressing at the bottom of the triangle. A breakout above the top line would likely send the price up to retest the main descending trendline, where stronger resistance sits.
If instead the level fails and price breaks down from the lower boundary, it would confirm bearish continuation toward the 1.80 support zone.
Price is currently sitting right at the lower boundary of the triangle, showing compression and weakening momentum.
Price is compressing at the bottom of the triangle. A breakout above the top line would likely send the price up to retest the main descending trendline, where stronger resistance sits.
If instead the level fails and price breaks down from the lower boundary, it would confirm bearish continuation toward the 1.80 support zone.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.
