Price is holding inside a well-defined uptrend channel on the 1-hour timeframe.
The trend remains bullish as long as price respects the channel structure.
Currently, we see consolidation near the upper zone, showing market indecision.
A breakout above consolidation will confirm bullish continuation.
If this happens, buyers can look for momentum entries to the upside.
However, if price breaks down below channel support and consolidates under it,
the bias will shift to bearish and open the way for deeper corrections.
Target in case of breakdown: 1.1400 – strong support and liquidity area.
Trading Plan:
Stay bullish while price is inside the channel.
Only turn bearish on a clean break and retest below the channel.
Avoid trading inside the middle of consolidation to reduce false signals.
Patience and confirmation are essential before taking any positions.
The trend remains bullish as long as price respects the channel structure.
Currently, we see consolidation near the upper zone, showing market indecision.
A breakout above consolidation will confirm bullish continuation.
If this happens, buyers can look for momentum entries to the upside.
However, if price breaks down below channel support and consolidates under it,
the bias will shift to bearish and open the way for deeper corrections.
Target in case of breakdown: 1.1400 – strong support and liquidity area.
Trading Plan:
Stay bullish while price is inside the channel.
Only turn bearish on a clean break and retest below the channel.
Avoid trading inside the middle of consolidation to reduce false signals.
Patience and confirmation are essential before taking any positions.
Order cancelled
Cancelled Setup
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Related publications
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.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProfessionalTrader
t.me/JosProfessionalTrader
Related publications
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.