Price is currently testing a key resistance area near 1.86828 – 1.88313 (marked as Invalid Level).
The market structure shows a potential double top and signs of exhaustion.
Bias: Bearish reversal
Entry Zone: Around 1.86828
Invalidation: Break and close above 1.88313
Target (TP): 1.70447
A rejection from this resistance could signal a strong move to the downside. Wait for confirmation (e.g., bearish engulfing, break of structure) before entering. Manage risk accordingly.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk according to your trading plan.
The market structure shows a potential double top and signs of exhaustion.
Bias: Bearish reversal
Entry Zone: Around 1.86828
Invalidation: Break and close above 1.88313
Target (TP): 1.70447
A rejection from this resistance could signal a strong move to the downside. Wait for confirmation (e.g., bearish engulfing, break of structure) before entering. Manage risk accordingly.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk according to your trading plan.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.