The second chart you uploaded shows the EUR/USD currency pair on the 1-hour timeframe, as displayed on TradingView.
Key observations:
1. Uptrend and Downtrend Channels:
The green trend lines indicate a bullish phase where the price moved upward.
The red trend lines indicate a subsequent bearish phase with a strong downward movement.
2. Support and Resistance Zones:
Gray boxes highlight key support and resistance areas.
The price broke below the lower support zone, indicating a bearish breakout.
3. Rebound and Target:
After the sharp decline to around 1.12256, the chart shows a potential recovery toward the resistance zone near 1.13000.
The projected path shows a zigzag upward movement, suggesting a cautious recovery phase.
This chart indicates that after a significant bearish breakdown, there is an expectation of a pullback to retest the 1.13000 resistance zone.
Would you like insights on potential entry and exit strategies for this setup?
Key observations:
1. Uptrend and Downtrend Channels:
The green trend lines indicate a bullish phase where the price moved upward.
The red trend lines indicate a subsequent bearish phase with a strong downward movement.
2. Support and Resistance Zones:
Gray boxes highlight key support and resistance areas.
The price broke below the lower support zone, indicating a bearish breakout.
3. Rebound and Target:
After the sharp decline to around 1.12256, the chart shows a potential recovery toward the resistance zone near 1.13000.
The projected path shows a zigzag upward movement, suggesting a cautious recovery phase.
This chart indicates that after a significant bearish breakdown, there is an expectation of a pullback to retest the 1.13000 resistance zone.
Would you like insights on potential entry and exit strategies for this setup?
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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.
XAUUSD GOLD + BTCUSD Daily 5-6 Free Signals📊🚀
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
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.