Market Structure:
Current Price: 1.17057
The market has rejected a key resistance zone around 1.17600–1.17800 (highlighted in yellow).
Price formed a lower high, suggesting bearish momentum is taking control after an uptrend.
The pair is trading around a key trendline and Ichimoku cloud, with a likely break below.
Bearish Signals:
1. Double Top / Lower High Formation near 1.17600 indicates potential reversal.
2. Bearish Projection Drawn: Expecting a drop after the neckline break.
3. Support Zones Marked:
First Support/TP1: 1.1650 – 1.1595
Second Support/TP2: 1.1456
Final Target/TP3: 1.1351
Current Price: 1.17057
The market has rejected a key resistance zone around 1.17600–1.17800 (highlighted in yellow).
Price formed a lower high, suggesting bearish momentum is taking control after an uptrend.
The pair is trading around a key trendline and Ichimoku cloud, with a likely break below.
Bearish Signals:
1. Double Top / Lower High Formation near 1.17600 indicates potential reversal.
2. Bearish Projection Drawn: Expecting a drop after the neckline break.
3. Support Zones Marked:
First Support/TP1: 1.1650 – 1.1595
Second Support/TP2: 1.1456
Final Target/TP3: 1.1351
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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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.
📲 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.