Get ready, traders—the bulls are losing control, and the bears are waking up!
We just witnessed a major break from a long-standing ascending channel, and the momentum is screaming downside potential.
What’s happening?
Price broke below the rising channel with strong bearish momentum and high volume—a textbook move signaling a trend shift!
Next key levels to watch:
Support Zone 1: 1.25756 – Previous demand area and a magnet for price action
Support Zone 2: 1.22672 – Stronger, historical support; if we get here, it’s game on for the bears!
What to expect next?
Watch out for a potential pullback/retest around the 1.2850–1.2900 zone before a deeper dive. If the retest holds, we could be looking at a clean ride down to the support levels.
Volume spike = confirmation. This isn’t just a dip; this is a possible trend shift.
Bearish Setup:
Entry: On pullback or continued breakdown
TP1: 1.25000
TP2: 1.22000
We just witnessed a major break from a long-standing ascending channel, and the momentum is screaming downside potential.
What’s happening?
Price broke below the rising channel with strong bearish momentum and high volume—a textbook move signaling a trend shift!
Next key levels to watch:
Support Zone 1: 1.25756 – Previous demand area and a magnet for price action
Support Zone 2: 1.22672 – Stronger, historical support; if we get here, it’s game on for the bears!
What to expect next?
Watch out for a potential pullback/retest around the 1.2850–1.2900 zone before a deeper dive. If the retest holds, we could be looking at a clean ride down to the support levels.
Volume spike = confirmation. This isn’t just a dip; this is a possible trend shift.
Bearish Setup:
Entry: On pullback or continued breakdown
TP1: 1.25000
TP2: 1.22000
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.