We’ve been on a crazy bullish run, climbing straight from the 1.03590 level all the way up to our current resistance zone around 1.08463. But now, we’re seeing some hesitation—notice those smaller candles forming at the top? That’s a sign that buyers are losing some steam, and sellers might start stepping in.
So, what’s next? I’m watching how price reacts here. If we get a solid break above 1.08463, then the bulls still got control, and we could see price push toward 1.09000 next. But if we see rejections and a strong bearish candle, I’d be looking for a potential short opportunity back down to 1.07500 (our previous support). A clean break below that? Then we could be riding this thing down even further.
👀 My Play:
✅ If price breaks above 1.08463, I’ll wait for a retest and look for a long setup.
✅ If price rejects and closes below 1.07920, I’ll look for a short entry targeting 1.07500 first, then possibly 1.06834.
This area is where the market decides what’s next—so patience is key! Let’s wait for confirmation and trade smart, not reckless.
So, what’s next? I’m watching how price reacts here. If we get a solid break above 1.08463, then the bulls still got control, and we could see price push toward 1.09000 next. But if we see rejections and a strong bearish candle, I’d be looking for a potential short opportunity back down to 1.07500 (our previous support). A clean break below that? Then we could be riding this thing down even further.
👀 My Play:
✅ If price breaks above 1.08463, I’ll wait for a retest and look for a long setup.
✅ If price rejects and closes below 1.07920, I’ll look for a short entry targeting 1.07500 first, then possibly 1.06834.
This area is where the market decides what’s next—so patience is key! Let’s wait for confirmation and trade smart, not reckless.
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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.
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.