Major Break of Structure (BoS) confirmed on the daily, with a clear rejection from recent highs. Price has aggressively sold off and is now preparing for a retracement into a key supply zone.
🔸 Plan:
Waiting for a pullback toward the 0.8715–0.8740 supply zone (area of interest) to look for signs of bearish continuation.
🔸 BoS confirms shift in trend structure
🔸 STOP: Above the previous high ~0.8825
🔸 Target: Lower lows toward ~0.8500 short term — possible extension toward 0.84xx zone
🧠 RSI shows strong bearish divergence and confirms trend shift.
📌 Setup in progress — will monitor lower timeframes (1H/4H) for entry trigger within zone.
🔸 Plan:
Waiting for a pullback toward the 0.8715–0.8740 supply zone (area of interest) to look for signs of bearish continuation.
🔸 BoS confirms shift in trend structure
🔸 STOP: Above the previous high ~0.8825
🔸 Target: Lower lows toward ~0.8500 short term — possible extension toward 0.84xx zone
🧠 RSI shows strong bearish divergence and confirms trend shift.
📌 Setup in progress — will monitor lower timeframes (1H/4H) for entry trigger within zone.
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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.