After a prolonged downtrend within a descending structure, price has shown signs of a market shift.
We’ve seen a Break of Structure (BOS) and a Change of Character (CHoCH), suggesting bearish momentum is weakening. Price is now testing a key resistance-turned-support zone around 57.83–60.09 and has started to form higher lows.
A trendline breakout is in progress, and if confirmed, we could see a strong bullish rally toward the 70–74 USD resistance zone.
Key Technical Highlights:
Clear BOS and CHoCH – early reversal signs
Price reclaimed support at 57.83
Breakout above trendline resistance forming
Bullish target zone between 70 and 74
What to watch:
A successful retest of the breakout zone could offer a high-probability long setup
Failure to hold above 57.83 may invalidate the bullish scenario short-term
Patience and confirmation are key – wait for a clean breakout and retest before acting.
We’ve seen a Break of Structure (BOS) and a Change of Character (CHoCH), suggesting bearish momentum is weakening. Price is now testing a key resistance-turned-support zone around 57.83–60.09 and has started to form higher lows.
A trendline breakout is in progress, and if confirmed, we could see a strong bullish rally toward the 70–74 USD resistance zone.
Key Technical Highlights:
Clear BOS and CHoCH – early reversal signs
Price reclaimed support at 57.83
Breakout above trendline resistance forming
Bullish target zone between 70 and 74
What to watch:
A successful retest of the breakout zone could offer a high-probability long setup
Failure to hold above 57.83 may invalidate the bullish scenario short-term
Patience and confirmation are key – wait for a clean breakout and retest before acting.
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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.