Scenario A – Bearish Continuation:
🔻 Sell near 1.17300–1.17340 (Resistance Zone)
🎯 Target: 1.17200 or lower
📉 Stop Loss: Above 1.17350
Scenario B – Bullish Breakout:
🔼 Buy if price breaks above 1.17350 with volume
🎯 Target: Next resistance zone (e.g., 1.17450 or more)
📉 Stop Loss: Below 1.17280
🧠 Summary:
Market is consolidating after a drop.
Watching for breakout above resistance or breakdown below support for next move.
Currently, the bias is slightly bearish, but breakout scenarios must be monitored.
https://tradingview.sweetlogin.com/x/pOaUVrXO/
🔻 Sell near 1.17300–1.17340 (Resistance Zone)
🎯 Target: 1.17200 or lower
📉 Stop Loss: Above 1.17350
Scenario B – Bullish Breakout:
🔼 Buy if price breaks above 1.17350 with volume
🎯 Target: Next resistance zone (e.g., 1.17450 or more)
📉 Stop Loss: Below 1.17280
🧠 Summary:
Market is consolidating after a drop.
Watching for breakout above resistance or breakdown below support for next move.
Currently, the bias is slightly bearish, but breakout scenarios must be monitored.
https://tradingview.sweetlogin.com/x/pOaUVrXO/
Trade active
Price has successfully hit the support target at 1.17200, confirming the bearish move.Now, market is at a critical support zone.
If support breaks, expect further downside toward 1.17150 or lower.
If it holds, watch for a possible bounce back toward 1.17300–1.17340 resistance.
Bias remains bearish unless a strong reversal appears.
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.