Price is currently testing a key resistance area near 1.86828 – 1.88313 (marked as Invalid Level).
The market structure shows a potential double top and signs of exhaustion.
Bias: Bearish reversal
Entry Zone: Around 1.86828
Invalidation: Break and close above 1.88313
Target (TP): 1.70447
A rejection from this resistance could signal a strong move to the downside. Wait for confirmation (e.g., bearish engulfing, break of structure) before entering. Manage risk accordingly.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk according to your trading plan.
The market structure shows a potential double top and signs of exhaustion.
Bias: Bearish reversal
Entry Zone: Around 1.86828
Invalidation: Break and close above 1.88313
Target (TP): 1.70447
A rejection from this resistance could signal a strong move to the downside. Wait for confirmation (e.g., bearish engulfing, break of structure) before entering. Manage risk accordingly.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk according to your trading plan.
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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.
Related publications
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.