1. Chart Pattern:
You can see a descending triangle forming (red lines).
Price is squeezing between the red resistance line (sloping down) and the red support line (almost flat).
This shows the market is in a consolidation phase.
2. Support and Resistance Zones:
Support zone: Around 1.13000 (the blue box at the bottom).
Resistance zone: Around 1.15500–1.16000 (the blue box at the top).
3. Breakout Expectation:
There is a black arrow indicating an expected bullish breakout (upward movement).
Target after breakout is shown around 1.14414.
4. Trading Idea:
If price breaks above the red resistance line (triangle top), it is expected to move towards the 1.14414 area.
Buyers might enter after confirmation of breakout.
5. Risk Area:
If price fails and breaks down below the red support, it could fall toward the 1.13000 zone.
You can see a descending triangle forming (red lines).
Price is squeezing between the red resistance line (sloping down) and the red support line (almost flat).
This shows the market is in a consolidation phase.
2. Support and Resistance Zones:
Support zone: Around 1.13000 (the blue box at the bottom).
Resistance zone: Around 1.15500–1.16000 (the blue box at the top).
3. Breakout Expectation:
There is a black arrow indicating an expected bullish breakout (upward movement).
Target after breakout is shown around 1.14414.
4. Trading Idea:
If price breaks above the red resistance line (triangle top), it is expected to move towards the 1.14414 area.
Buyers might enter after confirmation of breakout.
5. Risk Area:
If price fails and breaks down below the red support, it could fall toward the 1.13000 zone.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
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.