On the H1 chart, price recently broke below the ascending channel and is now retesting a lower support block. The 3350 area aligns with a Fair Value Gap (FVG) from previous price action, making it an interesting level to monitor for potential reaction.
If price respects the current support, a move back toward the 3380–3390 zone is possible; however, a sustained break lower could see price reaching deeper into the FVG zone near 3350 and possibly the 3344 level.
This is a technical observation based on such as market structure shift, imbalance (FVG), and liquidity zones. This post is for educational purposes only and not a trade recommendation.
If price respects the current support, a move back toward the 3380–3390 zone is possible; however, a sustained break lower could see price reaching deeper into the FVG zone near 3350 and possibly the 3344 level.
This is a technical observation based on such as market structure shift, imbalance (FVG), and liquidity zones. This post is for educational purposes only and not a trade recommendation.
Penafian
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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.