Price is testing the upper boundary of a rising channel around the 0.6000 level — a key resistance zone. Strong bullish leg appears overextended, expecting a pullback.
Short Bias:
• Rejected from channel top
• 0.6000 = key resistance + psychological level
• Looking for bearish confirmation to short
TP levels: 0.5700 / 0.5650
Invalidation: Above 0.6050
Short Bias:
• Rejected from channel top
• 0.6000 = key resistance + psychological level
• Looking for bearish confirmation to short
TP levels: 0.5700 / 0.5650
Invalidation: Above 0.6050
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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.