🟣 Current Market Behavior
Price has reached a resistance zone around 3355–3360, previously respected as a supply area.
A rejection candle or price weakness at this level is triggering a short-term bearish outlook.
🔻 Short-Term Bearish Plan
Sell entry zone: 3355–3360
> Target for this sell (TP): 3320
➤ This suggests a possible drop of around 250–300 pips from the current high.
> Reason: The price is expected to make a technical correction after hitting a resistance level.
🔼 Mid-Term Bullish Plan
: After reaching the 3320 support area, the chart expects a bullish reversal or continuation of the uptrend.
> Buy setup target: 3395–3400
➤ This level represents the next potential bullish wave after the correction.
> Reason: The overall pattern remains bullish. The idea assumes this drop is temporary and part of a healthy pullback before the uptrend resumes.
📝 Summary:
Phase 1: Sell from 3355–3360 to 3320 (correction phase)
Phase 2: Buy from 3320 toward 3395–3400 (bullish continuation)
Strategy combines resistance rejection + correction + trend continuation principles.
Price has reached a resistance zone around 3355–3360, previously respected as a supply area.
A rejection candle or price weakness at this level is triggering a short-term bearish outlook.
🔻 Short-Term Bearish Plan
Sell entry zone: 3355–3360
> Target for this sell (TP): 3320
➤ This suggests a possible drop of around 250–300 pips from the current high.
> Reason: The price is expected to make a technical correction after hitting a resistance level.
🔼 Mid-Term Bullish Plan
: After reaching the 3320 support area, the chart expects a bullish reversal or continuation of the uptrend.
> Buy setup target: 3395–3400
➤ This level represents the next potential bullish wave after the correction.
> Reason: The overall pattern remains bullish. The idea assumes this drop is temporary and part of a healthy pullback before the uptrend resumes.
📝 Summary:
Phase 1: Sell from 3355–3360 to 3320 (correction phase)
Phase 2: Buy from 3320 toward 3395–3400 (bullish continuation)
Strategy combines resistance rejection + correction + trend continuation principles.
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.