🔹 Weekly Chart:
The broader structure remains technically bearish. We've recently seen a trend reset, which could mark the beginning of a fresh downside leg.
🔹 Daily Chart:
A clear bearish trend reversal pattern has formed, accompanied by a manipulation phase. A confirmed break structure is now in place. As long as price remains below 1.15734, short positions remain valid.
🔹 4H Chart:
Currently in a range-bound phase. A confirmed break below 1.1371 will be a key bearish trigger for potential selling opportunities.
🔹 1H Chart:
Still ranging, but a valid Lower Low (LL) has already printed. A second LL below 1.1371 would confirm a short-term bearish continuation.
On the flip side, a break above 1.1495 would open the door for a bullish move in the short term.
📌 Key Levels to Watch:
Bullish above: 1.1495
Bearish below: 1.1371
Critical invalidation: 1.15734
Trade safe and stay disciplined.
The broader structure remains technically bearish. We've recently seen a trend reset, which could mark the beginning of a fresh downside leg.
🔹 Daily Chart:
A clear bearish trend reversal pattern has formed, accompanied by a manipulation phase. A confirmed break structure is now in place. As long as price remains below 1.15734, short positions remain valid.
🔹 4H Chart:
Currently in a range-bound phase. A confirmed break below 1.1371 will be a key bearish trigger for potential selling opportunities.
🔹 1H Chart:
Still ranging, but a valid Lower Low (LL) has already printed. A second LL below 1.1371 would confirm a short-term bearish continuation.
On the flip side, a break above 1.1495 would open the door for a bullish move in the short term.
📌 Key Levels to Watch:
Bullish above: 1.1495
Bearish below: 1.1371
Critical invalidation: 1.15734
Trade safe and stay disciplined.
Trade active
Trade closed: target reached
We have now seen the second break above the daily break out high. This move is very significant! We might see a bearish move from here, but it will not change the trend, this second break signifies that there will be a 3rd break after this second break pullback (Normally a strong pullback). 
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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.