The pair has recently broken down from the ascending channel (highlighted in blue), indicating a potential trend reversal.
A lower high has formed after the peak near 0.66200, followed by a sharp drop, confirming bearish momentum.
Current price is hovering around 0.6573, and the structure shows a bearish flag/pullback, hinting at another drop.
Bearish Target Zones:
1. First Support/TP1: 0.6550 – 0.6549 (short-term support zone)
2. Second Support/TP2: 0.6510 – 0.6515 (major support level and key target)
Confirmation:
Watch for price to reject any bullish pullbacks below the broken channel and drop past 0.6550 for stronger confirmation of the move toward 0.6510.
Bias: Bearish
Timeframe: 1H
Invalidation Level: Break back above 0.6620 resistance zone.
A lower high has formed after the peak near 0.66200, followed by a sharp drop, confirming bearish momentum.
Current price is hovering around 0.6573, and the structure shows a bearish flag/pullback, hinting at another drop.
Bearish Target Zones:
1. First Support/TP1: 0.6550 – 0.6549 (short-term support zone)
2. Second Support/TP2: 0.6510 – 0.6515 (major support level and key target)
Confirmation:
Watch for price to reject any bullish pullbacks below the broken channel and drop past 0.6550 for stronger confirmation of the move toward 0.6510.
Bias: Bearish
Timeframe: 1H
Invalidation Level: Break back above 0.6620 resistance zone.
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Gold Signal's with proper TP & SL for high profit.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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.
📲 Join telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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.