Price action confirms resistance at 1.17905, now tapped on both Friday and today.
Current View:
Bullish bias remains intact long-term
Short-term: Expecting a deeper pullback
Range forming between 1.17170 – 1.17905
Scenarios:
Break below 1.17170 = Likely move to 1.16020 (previous swing low)
Break + close above 1.17905 = Clean continuation to 1.18791
While inside range → No trade
Key Buy Zones:
✅ 1.16020 rejection
✅ Break + retest above 1.17905
Patience until direction confirms.
Current View:
Bullish bias remains intact long-term
Short-term: Expecting a deeper pullback
Range forming between 1.17170 – 1.17905
Scenarios:
Break below 1.17170 = Likely move to 1.16020 (previous swing low)
Break + close above 1.17905 = Clean continuation to 1.18791
While inside range → No trade
Key Buy Zones:
✅ 1.16020 rejection
✅ Break + retest above 1.17905
Patience until direction confirms.
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.
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.