price have been bullish and respecting it's bullish trend and structure since January 19 of previous year , after reaching the supply zone at 1.0788 price have been showing weakness and with the break of 1.0722 ( demand / support zone ) that gives us more indication that the bullish run is at a possible end .
so there is a high chance of price falling toward 1.0681 is a primary target , with the possibility of the bearish run continuation toward farther targets .
we might as well see a possible correction toward 1.0766 level before the drop to happen .
as for the third scenario and the one that I'd hate to see is a consolidation between 1.0722 and 1.0810 (supply/demand zone).
if you like this idea and find it interesting please press the like button and comment bellow for it would help me and my channel a lot ,and if you are new here please make sure to follow so you don't miss any future ideas or updates .
that being said I wish you a safe a profitable week .
so there is a high chance of price falling toward 1.0681 is a primary target , with the possibility of the bearish run continuation toward farther targets .
we might as well see a possible correction toward 1.0766 level before the drop to happen .
as for the third scenario and the one that I'd hate to see is a consolidation between 1.0722 and 1.0810 (supply/demand zone).
if you like this idea and find it interesting please press the like button and comment bellow for it would help me and my channel a lot ,and if you are new here please make sure to follow so you don't miss any future ideas or updates .
that being said I wish you a safe a profitable week .
Trade closed: target reached
price fell like predicted and touched our primary target
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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.