Price has broken below the rising channel, showing early signs of a potential bearish reversal.
Key Resistance: 3364
Current Price: 3334
Support Levels to Watch:
3282 (first support)
3250 (major target)
If price fails to reclaim the channel and retests 3364 without strength, we could see a deeper drop below 3282. A bounce from 3282 might offer short-term buy setups, but momentum favors bears for now.
Trade Plan:
Short below 3325 with SL above 3364
Target: 3282, extended to 3250
Let me know your thoughts! Are you bullish or bearish here?
#technicalanalysis #priceaction #tradingview #USD #bearishsetup
Key Resistance: 3364
Current Price: 3334
Support Levels to Watch:
3282 (first support)
3250 (major target)
If price fails to reclaim the channel and retests 3364 without strength, we could see a deeper drop below 3282. A bounce from 3282 might offer short-term buy setups, but momentum favors bears for now.
Trade Plan:
Short below 3325 with SL above 3364
Target: 3282, extended to 3250
Let me know your thoughts! Are you bullish or bearish here?
#technicalanalysis #priceaction #tradingview #USD #bearishsetup
Trade closed: target reached
🔻 840 Pips Secured – Bearish Breakdown DeliveredShort from 3334 to 3250 — Full Target Achieved ✅
The market followed the analysis perfectly:
Rising channel broken✔
Retest rejected at resistance ✔
Clean drop into key demand zones ✔
Results:
🔷 Entry: 3334
🔹 TP1: 3282
🔹 TP2: 3250
💰 Total: 840 pips
This setup is a great reminder that structure + patience = results.
👉 Did you catch this move too? Drop your trade outcome in the comments!
#TradingView #840pips #ChannelBreakdown #ShortSetup #BearishPlay #TechnicalTrader #ForexTrading #PriceActionMastery
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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.
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.