Price was initially ranging in a consolidation zone (blue area), then broke structure (BOS) and entered a strong bearish channel (red). Inside the channel, price kept making lower highs and lower lows, confirming a clear downtrend.
Recently, price showed a strong bullish push creating a CHOCH (Change of Character), but it is now approaching a key resistance/supply area near the Ichimoku Cloud. This area is likely to act as rejection again.
🎯 Target:
If rejection confirms, the next downside target is around 369.00 – 370.00, as marked on the chart.
Recently, price showed a strong bullish push creating a CHOCH (Change of Character), but it is now approaching a key resistance/supply area near the Ichimoku Cloud. This area is likely to act as rejection again.
🎯 Target:
If rejection confirms, the next downside target is around 369.00 – 370.00, as marked on the chart.
Trade active
active Trade closed: target reached
my given target has been successfully achieved
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telegram channel link
t.me/+r9_PoETjAr85Nzlk
join to get daily basis 2-3 free signal for educational purpose
t.me/+r9_PoETjAr85Nzlk
get information about Gold, BTC and forex market
t.me/+r9_PoETjAr85Nzlk
t.me/+r9_PoETjAr85Nzlk
join to get daily basis 2-3 free signal for educational purpose
t.me/+r9_PoETjAr85Nzlk
get information about Gold, BTC and forex market
t.me/+r9_PoETjAr85Nzlk
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.