Price has approached a major resistance zone (1.1415 area), which has previously acted as a strong barrier. A bearish rejection is visible, indicating potential for a downside move if price fails to break above convincingly.
📉 Bearish Scenario in Focus
Resistance Zone: 1.1415 – 1.1450
Target 1: 1.1231
Target 2: 1.1068
Target 3: 1.0746
A clean rejection from the resistance zone may trigger a move toward the marked support levels. Confirmation from candlestick patterns or momentum indicators would strengthen this outlook.
⚠️ This idea is shared for educational purposes only and does not constitute financial advice.
📉 Bearish Scenario in Focus
Resistance Zone: 1.1415 – 1.1450
Target 1: 1.1231
Target 2: 1.1068
Target 3: 1.0746
A clean rejection from the resistance zone may trigger a move toward the marked support levels. Confirmation from candlestick patterns or momentum indicators would strengthen this outlook.
⚠️ This idea is shared for educational purposes only and does not constitute financial advice.
I am a professional trading signal provider. For more updates, analysis, and signals, be sure to join our Telegram channel t.me/ProTradeSingnals
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.
I am a professional trading signal provider. For more updates, analysis, and signals, be sure to join our Telegram channel t.me/ProTradeSingnals
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.